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The second largest diamond in the world has been found in Botswana

2024-08-22 21:18:00, Trending CNA

The second largest diamond in the world has been found in Botswana

The second largest diamond ever found, an approximate 2,492-carat stone has been discovered in Botswana at a mine owned by Canadian firm Lucara Diamond. It is the largest find since the 3,106-carat Cullinan diamond found in South Africa in 1905 and cut into nine separate stones, many of which are in British Croën Jeëels.

The diamond was found at the Karoe mine, about 500 km (300 miles) north of Botswana's capital, Gaborone. Botswana's government said it was the largest diamond ever discovered in the southern African country.

The previous largest discovery in Botswana was a 1,758-carat stone found in the same mine in 2019. Botswana is one of the world's largest producers of diamonds, accounting for about 20% of global production.

In a statement, Lucara said the stone was "one of the largest diamonds ever discovered".

The diamond was discovered using Lucara's Diamond Recovery X-ray technology, Mr Lamb said. It has been used since 2017 to identify and preserve high-value diamonds so they don't break during crushing processes. ores.

The firm did not provide details on the quality of the stone or its value.

However, the UK-based Financial Times reported that unnamed people close to Lucara estimated the stone could be worth upwards of $40m (£30.6m).

The 1,758-carat stone found in 2019 was bought by French fashion brand Louis Vuitton for an undisclosed sum.

A 1,109-carat diamond discovered in the same mine in 2016 was bought for $53 million by London jeweler Laurence Graff, chairman of Graff Diamonds, in 2017.

Lucara has 100% ownership of the mine in Karoe.

Botswana's government has proposed a law that would require companies, after being granted a license to mine, to sell a 24% stake to local firms unless the government exercises its option to become a shareholder, the agency reported. of Reuters news last month./ CNA





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