Australia’s fifth largest diamond has been discovered at the Merlin diamond mine about 80km south of Borroloola near the Gulf of Carpentaria in the Northern Territory.
In a brief statement, Merlin Diamonds says it recovered a number of rough diamonds including a 35.26 carat brown diamond, which is the fifth largest diamond discovered in Australia, a 14.6 carat brown diamond as well as a number of smaller white diamonds.
The company’s share price jumped 7% to $0.015.
Australia’s largest diamond, a 104.73 carat stone, was discovered at Merlin.
Last month Merlin announced it had found a very rare blue coloured diamond.
The Lucapa Diamond Company, a small miner based in Perth, has been recovering large diamonds in Angola.
Today the company released a trading update showing the miner had sold $US14.6 million in diamonds during the December quarter.
This brought the average price per carat sold in 2016 to $US2983, the highest of any diamond mine in the world in 2016.
Lucapa’s shares were up almost 6% to $0.445.
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