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The diamond weighs 478 carats and is the twentieth largest ever found. Gem Diamonds said initial examination suggests it has a flawless center and could produce a 150-carat round-cut white diamond worth tens of millions of dollars.
"Preliminary examination of this remarkable diamond indicates that it will yield a record-breaking polished stone of the very best color and clarity," the company's Chief Executive Clifford Elphick said in a statement.
The stone would dwarf the 105-carat Kohinoor in Great Britain's Crown Jewels. The largest rough diamond found was the Cullinan, in 1905, which weighed 3,106 carats uncut.
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