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A US-British team of astronomers has discovered the first planet with ultra-high concentrations of carbon.
The researchers say their discovery supports the idea there may be carbon-rich, rocky planets whose terrains are made up of diamonds or graphite.
"You might see land masses and mountains made up of diamonds," the lead researcher Dr Nikku Madhusudhan told BBC News.
The study in Nature journal raises new questions about how planets are formed.
An immediate question that is raised is why Wasp 12b is so much higher in carbon than the planets we know about.
The prevalent theory is that plenty of water ice was available when the planets in our Solar System formed. That could not have been the case for Wasp 12b.
Astronomers discovered the largest diamond of all times in space. The weight of the precious stone reportedly makes up ten billion trillion trillion carats or five million trillion trillion pounds).
The space diamond is virtually an enormous chunk of crystallized carbon, 4,000 kilometers in diameter. The stone is located at a distance of 50 light years from Earth, in the Constellation Centaurus.