Located five hundred kilometers northeast of Johannesburg, Venetia is the largest diamond producing project in South Africa and the third-largest in the world. Half of the diamonds extracted in South Africa annually are taken from the Venetia project. Diamond giant De Beers operates a mine there, adjacent to Diamcor's Krone-Endora site.
Diamcor president and chief executive officer Dean Taylor expressed excitement over what he called the near-perfect octahedron shape of the large stone, calling it extremely rare, especially for stones of that size, according to a leading newspaper.
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