It weighed 971 carats, and was ultimately cut into ten stones weighing from 68 to 13 carats.
Basing the calculation on the figures for the ten years 1896-1905, the average annual production is slightly over two and a half million carats, of the average annual value of £4,250,000, the average price per carat being £1: 13: 3.
The first diamond, a stone of 50 carats, was found in August of that year, and digging immediately began.
From the use of gold and silver as a medium of exchange, it followed that they should approximate in all nations to a common degree of fineness; and though this is not uniform even in coins, yet the proportion of alloy in silver, and of carats alloy to carats fine in gold, has been reduced to infinitesimal differences in the bullion of commerce, and is a prime element of value even in gold and silver plate, jewelry, and other articles of manufacture.
The Regent or Pitt diamond is a magnificent stone found in either India or Borneo; it weighed 410 carats and was bought for £20,400 by Pitt, the governor of Madras; it was subsequently, in 1717, bought for £80,000 (or, according to some authorities, £ 135,000) by the duke of Orleans, regent of France; it was reduced by cutting to '3614 carats; was stolen with the other crown jewels during the Revolution, but was recovered and is still in France.