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World's second-largest diamond 'found in Botswana' | World's second-largest diamond 'found in Botswana' |
(about 14 hours later) | |
The world's second-largest gem quality diamond has been discovered in Botswana, the Lucara Diamond firm says. | The world's second-largest gem quality diamond has been discovered in Botswana, the Lucara Diamond firm says. |
The 1,111-carat stone was recovered from its Karowe mine, about 500km (300 miles) north of the capital, Gaborone. | The 1,111-carat stone was recovered from its Karowe mine, about 500km (300 miles) north of the capital, Gaborone. |
It is the biggest diamond to be discovered in Botswana and the largest find in more than a century. | |
The 3,106-carat Cullinan diamond was found in South Africa in 1905 and cut into nine separate stones, many of which are in the British Crown Jewels. | The 3,106-carat Cullinan diamond was found in South Africa in 1905 and cut into nine separate stones, many of which are in the British Crown Jewels. |
"The significance of the recovery of a gem quality stone larger than 1,000 carats, the largest for more than a century... cannot be overstated," William Lamb, the CEO of Lucara Diamond, a Canadian diamond producer, said in a statement. | "The significance of the recovery of a gem quality stone larger than 1,000 carats, the largest for more than a century... cannot be overstated," William Lamb, the CEO of Lucara Diamond, a Canadian diamond producer, said in a statement. |
Lucara says two other "exceptional" white diamonds - an 813-carat stone and a 374-carat stone - were also found at the Karowe mine. | Lucara says two other "exceptional" white diamonds - an 813-carat stone and a 374-carat stone - were also found at the Karowe mine. |
"This has been an amazing week for Lucara with the recovery of the second largest and also the sixth largest gem quality diamonds ever mined," Mr Lamb said. | |
The stone is yet to be evaluated, but commodities and mining analyst Kieron Hodgson, told AFP news agency that "the potential to be one very expensive diamond." | |
In April a flawless 100-carat diamond was sold for $22.1m (£14.8m) at Sotheby's in New York. | |
The gem, originally mined in South Africa, had taken more than a year to cut, polish and perfect. | |
Botswana is the world's largest producer of diamonds and the trade has transformed it into a middle-income nation. | Botswana is the world's largest producer of diamonds and the trade has transformed it into a middle-income nation. |
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