Updated April 29, 2018 09:01:33 The $200-million diamond ring that was discovered in the middle of the Great Barrier Reef was bought for about $20,000 by a local businessman, according to a report.
ABC News found that the ring, which is believed to be worth around $200 million, was bought by Michael J. Clements, of the nearby village of Stirling, in 2013 for $20.
It was originally found in the waters off the Great Muddy and was initially identified as a piece of a wedding ring, according an article published in The Guardian.
“It’s not like a piece, it’s a diamond.
It’s a little piece of gold,” Mr. Cules told ABC News.
“I didn’t have a clue that it was a piece,” he said.
Mr. J.C.C., who said he bought the ring after a long stint of working in mining, told ABC Radio he had no idea the diamond was worth $200.
“This is my first ring, it was my first diamond,” he told ABC TV.
“And it’s mine, so I guess it’s my responsibility to find a diamond that’s worth a lot more than mine,” Mr J.J.
C told the network.
“They were looking for diamonds and they found this piece of diamonds that was my ring,” he added.
He said the ring was one of the few pieces of his life he would always have a good time with.
“When I was going to weddings, I’d have my ring on my finger and my friends would take pictures with it.
That’s what I wanted.”
Mr. Travaglia said Mr. CJ’s family was also in a bit of a bind.
“My family is so sad because they’re so excited,” he wrote on Facebook.
“But we’re very happy for Michael, he’s a very special person.”
Mr Jules family was hoping the ring could one day be auctioned off, but that process is currently being held in limbo.