Rare Yellow Diamond Found in Arkansas State Park Reported by Appraiser

Jack Pearadin discovered a rare yellow diamond, which he named the "American Dream," at the Crater of Diamonds State Park in Arkansas earlier this year. The gem weighs 6.03 carats and has a striking golden-yellow color. Laura Stanley, a gem appraiser in Little Rock, reported details of the find to the Associated Press.

The discovery of the large, rare diamond has generated interest in the gem market. Some collectors have suggested the diamond could be worth as much as $1 million. The report brings attention to the processes of gem hunting and professional appraisal.