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AMERICANALMANAC (Jack Newsome) - Navy reservist digs up 6-carat ‘American Dream’ diamond in Arkansas park

An Arkansas gem hunter unearthed a 6-carat yellow diamond he nicknamed the American Dream, a stone collectors have told him could be worth $1 million. Jack Pearadin, a Navy reservist who has hunted gems at Crater of Diamonds State Park since 2013, filled a five-gallon bucket with gravel earlier this year beside fellow hunter Michael […] The post Navy reservist digs up 6-carat ‘American Dream’ diamond in Arkansas park appeared first on American Almanac .

An Arkansas gem hunter unearthed a 6-carat yellow diamond he nicknamed the American Dream, a stone collectors have told him could be worth $1 million. Jack Pearadin, a Navy reservist who has hunted gems at Crater of Diamonds State Park since 2013, filled a five-gallon bucket with gravel earlier this year beside fellow hunter Michael Schumacher of Wisconsin. They rinsed the load, flipped the pile onto a table, and stared at a 6.03-carat yellow stone roughly the size of a fingernail. Pearadin livestreamed the moment on TikTok. The find is the largest diamond recovered at the park this year, and he named it the “American Dream.” News4Jax reported his claim that collectors have put the value as high as $1 million. He did not hide his…Open

What are Jack Pearadin's plans for the proceeds from the "American Dream" diamond?
Pearadin plans to divide the proceeds with Michael Schumacher, who assisted in filling the bucket that contained the stone. Additionally, Pearadin intends to use his share of the profit to open his own crystal mine.
Q&A ID 3f32f1a0-d22b-47d7-8435-626e46df1c3e
How many primary diamond deposits are there in the United States, and what are they?
The United States has only two known primary diamond deposits: Crater of Diamonds in Arkansas and Kelsey Lake in Colorado, which was reclaimed after commercial mining ended. Nathan Renfro, a senior manager at the Gemological Institute of America, noted that the public access at Crater of Diamonds is unusual as most diamond mines are high security.
Q&A ID d96a18ad-063f-4b2b-a949-1a006fae9f98
What are some notable historical diamond finds at Crater of Diamonds State Park?
The park's record holder is the 40.23-carat "Uncle Sam" diamond found in 1924, which was later cut to 12.42 carats and is now held by the Smithsonian. Other notable finds include a 9-carat diamond found by an Arkansas bank manager in 2020 and a 7-carat stone recovered by a French visitor in 2024.
Q&A ID a3ef25b9-edd9-4c38-bb62-eb3be1ea8abd
What are the rules and history regarding diamond hunting at Crater of Diamonds State Park?
Located in southwest Arkansas near Murfreesboro, Crater of Diamonds State Park was once an open-pit mine and became a state park in 1972 that allows visitors to keep what they find. The entry fee is $15 for a five-gallon bucket of dirt and gravel. Since the park opened, more than 37,000 diamonds have been found there, with 400 to 800 surfacing annually.
Q&A ID 970ec1b1-ba48-4282-a7bd-0fb95c488778
What are the estimated values of the 6.03-carat yellow diamond found by Jack Pearadin in Arkansas?
While some collectors have suggested the stone could be worth as high as $1 million, independent experts provide more conservative estimates. Certified Little Rock gem appraiser Laura Stanley stated that a high-quality six-carat yellow diamond from the park can sell for about $250,000, partly due to its American origin.
Q&A ID 04647b81-1a1c-427a-bf1a-0ed25e35f3d6
Who is Jack Pearadin and what did he discover at Crater of Diamonds State Park earlier this year?
Jack Pearadin is a Navy reservist and gem hunter who has been searching for gems at Crater of Diamonds State Park since 2013. Earlier this year, while searching with fellow hunter Michael Schumacher, Pearadin unearthed a 6.03-carat yellow diamond which he nicknamed the "American Dream." This find is currently the largest diamond recovered at the park this year.
Q&A ID d4f789fd-5f2c-4f88-af35-19eb17cd130c
Keywordsarkansasnavydiamondamerican-dreamtreasuregem-huntingcrater-of-diamonds-state-parkmilitarygoldsilvereconomycapitalismusbusinesslifestylenewsdiscoveryparkminingjack-pearadin