A Wisconsin native visiting a diamond park with his fiancee discovered a 3.92-carat white stone, but you wont see it on the finger of his love. That’s because she already has a ring, 1 carat and she is very happy with it. Eric Blake, 32, of Appleton, Wis., saw the stone Tuesday along a trail at Crater of Diamonds State Park when he set down a bucket of mud he was carrying to a wash basin.

“I put the bucket down to switch hands. I looked down and there it was,” Blake said.The stone is big enough to finish into jewelry, but Blake said Tuesday that he hadn’t decided whether to do so.His fiancee, Susan Gabrielson — who has “only one carat on her finger” — accompanied Blake to the park this week.

Crater of Diamonds is the world’s only diamond-producing site open to the public, and visitors can keep any stone they dig up. The largest diamond ever found in the US, a 40-carat stone named Uncle Sam, was discovered in 1924.

The Kazanjian Red Diamond is thought to be the world’s finest red diamond and Garrard are privileged to be offering it for private view at their locations in Japan and Hong Kong later this month and in early November.

The Kazanjian Red is an Asscher cut unique Red Diamond weighing 5.05 carats; it is thought to be the finest red diamond in the world.

Red diamonds are the rarest and most desirable diamond colour in the world, they are seen as priceless and almost impossible to obtain. The colour red is known to symbolize life and vitality; it is also the colour of passion.

The stone forms part of the Kazanjian Foundation were funds raised through the foundation establish scholarship programs for underprivileged youths.

A few weeks ago we reported on what could have been the worlds largest diamond. World’s Largest Diamond.

According to Mining Weekly the diamond has been declared a fake.

The stone that was found at an unnamed mine in the North West province and said to be bigger than the Cullinan diamond, the biggest in the world, is not a diamond, bringing over a month of speculation to an end, Mining Weekly Online revealed on Friday.

Brett Jolly, the person who first claimed the find said that he did not want anything more to do with it, and that he “doesn’t care anymore if it’s a diamond or not”.

Speaking in a telephone interview from Potchefstroom with Mining Weekly Online, he confirmed that he had tested the alleged diamond with a journalist yesterday, but that what the miners who had found the stone had brought to be tested was a “disgusting lump of resin”.

You can read more about this story here.

In this photo a model holds a brilliant cut D-color flawless diamond weighing in at 84.37 carats during a preview for the Sotheby’s auction house in Geneva October 1, 2007. This diamond, which is the largest brilliant-cut diamond to ever be auctioned, is expected to reach $ 12,000,000 to $16,000,000 during a sale at the auction house on November 14, 2007.