Madagascar Leader Finds Huge Emerald in Presidential Palace

Madagascar’s authorities have seized an emerald rock weighting 300 kilograms (661 pounds) that they said had been hidden inside the presidential palace.

The gem will be auctioned off to replenish depleted state coffers, the nation’s new ruler said. Emeralds can fetch about €70 ($80) a gram on international markets, according to Mines Minister Carl Andriamparany.