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Whopping 360kg emerald discovered in Brazil worth $408 million

Miners in the tiny Brazilian town of Pindobacu were shocked to unearth the most expensive rock they’ve ever seen: an enormous 360kg emerald worth hundreds of millions of dollars.

Digging at the Carnaiba Mine on the North-Eastern shores of Brazil had to be halted when workers stumbled across a rich vein of black rock that glinted green under torchlight.

Slowly and carefully, they dug around the emerald so as not to pierce or shave the precious stone – a mistake that easily could've cost them millions of dollars.

When it was finally freed from the seam, the emerald weighed in at an impressive 360 kg. Being conservative, that would place the worth of the stone in the ballpark of $400 - $450 million.

See it via this link below:

http://www.msn.com/en-nz/video/news/giant-metre-high-emerald-found-...

The emerald, according to local authorities, was sold to a neighbouring mine owner who denied media access and requested anonymity.

It’s quite valid for the buyer to be shy too – in 2001 a similar-sized rock was stolen and taken to the US, where it became the subject of a bitter legal dispute over who's jurisdiction it fell under... that caused total chaos.

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The buyer's lawyer, Marcio Jandir, told G1 Globo that the new owner has no plans to hide the stone away.

"We have already done all the issuance of the certificate of origin, a requirement of DNPM [National Department of Mineral Production]," said Jandir.

"The document has already been issued, and today the owner of the stone is authorized to transit with it in national territory and obviously he wants to do exhibitions with the stone and present in museums and libraries."

If the stone were to be cut and polished, it's estimated it could contain over 200,000 carats of emeralds.

A giant emerald measuring 4.3 feet and weighing a whopping 794 pounds was discovered in April in the mining region of Carnaiba in the north of Brazil.

The precious stone was found 656 feet below the surface of the Carnaiba mine in the Pindobacu district, by the Bahia Mineral Cooperative.

The emerald was sold to an individual who refused to give an interview for security purposes, and did not reveal how much he had paid.

"(The emerald) will be no good for (making jewellery), it is more for people with an interest in collecting and work with this objective," said jeweler, Edilson Araujo.

The owner's lawyer, Marcio Jandir, said all the relevant documentation for the sale had been completed. He said the owner was authorised to travel with the stone throughout Brazilian territory as he intended to present it at museums and libraries.

"Today, the owner of the stone is authorized to travel with it through all national territory, obviously he wants to do some exhibitions with the stone, present it in museums and libraries, wherever he is able to present it," said Marcio Jandir, the lawyer for the emerald's owner.

The emerald is the second of its kind found in the region, following another discovered in 2001 which weighed 44 pounds and was valued at 310 million U.S.-dollars. The emerald was transported to the United States illegally and became the subject of a legal dispute between Brazil and the United States until it was decided in 2015 it would remain in the United States.

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