Navy Reservist Finds 6.03-Carat Diamond at Arkansas Park
Collectors say the yellow stone could fetch more than $1 million, while one appraiser values it at about $250,000.
- Navy reservist Jack Pearadin discovered a 6.03-carat yellow diamond at Crater of Diamonds State Park in Arkansas, livestreaming the moment on TikTok. He named the stone the "American Dream."
- Originally from Missouri, Pearadin has searched for gems for more than a dozen years, even moving to Murfreesboro to support his hobby. He has found over 300 diamonds at the park so far.
- While Pearadin claims collectors believe the stone could be worth over $1 million, an experienced appraiser told The Associated Press it may be worth closer to $250,000. Most diamonds found at the park weigh about a quarter of a carat.
- Pearadin plans to split proceeds with fellow gem hunter Michael Schumacher of Wisconsin, who helped dig the gravel that produced the stone. He intends to use his share to open his own crystal mine.
- Crater of Diamonds State Park remains one of the only places in the United States where the public can hunt for diamonds and keep their finds. More than 37,000 diamonds have been discovered there since 1972.
68 Articles
68 Articles
Gem Hunter Thinks His Find Is Worth $1M
Jack Pearadin is the first to admit that his diamond-hunting hobby hasn't paid off, despite sifting rocks for more than a dozen years. But earlier this year, the Navy reserve and his friend shot a six-carat diamond from a field in Arkansas where he's found over 300 gems so far....
U.S. Navy Reservist Finds 6.03-Carat Diamond At Famous Arkansas State Park And It Could Be Worth $1 Million
Crater of Diamonds State Park in Pike County, Arkansas is one of the few places on earth where anyone can roll up for the price of park admission and find a diamond in the dirt. Most diamonds around the globe are extracted from privately-owned mines but in Arkansas, anyone who wants to go sifting through […]
An American found a diamond that could be worth more than $1 million, during a TikTok stream, a U.S. Navy Reserve soldier dug up a 6.03 carat <p>diamond in Arkansas. The find was estimated at more than $1 million</p>.
Coverage Details
Bias Distribution
- 61% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
