Proudly sponsored by

One of the biggest ever diamonds has been found in Botswana

By a small Canadian miner that keeps discovering huge stones.
Image: Andrey Rudakov/Bloomberg

One of the biggest diamonds ever found has been unearthed in Botswana by a small Canadian miner that keeps discovering huge stones.

Lucara Diamond Corp. said it has found a 998-carat high white diamond, putting it among the five largest stones ever discovered. Still, Lucara said the diamond was clivage, meaning it will need to be split before further processing into polished gems.

Lucara’s Karowe mine is becoming famous for giant stones. In 2015, the company found the 1,109-carat Lesedi La Rona, which sold for $53 million, while the mine has also yielded a 813-carat Constellation stone that fetched a record $63 million. Lucara also discovered a 1,758-carat diamond last year, though it was a near gem of variable quality, meaning it won’t yield incredibly valuable polished diamonds on a par with earlier finds.

The biggest diamond ever discovered is the 3,106-carat Cullinan, found near Pretoria in South Africa in 1905. It was cut into several polished gems, the two largest of which — the Great Star of Africa and the Lesser Star of Africa — are set in the Crown Jewels of Britain.

Lucara, which previously sold two of its biggest stones to Louis Vuitton jewelry, said it’s evaluating the next steps for the diamond with its cutting and polishing partner, HB Antwerp.

So far this year, Karowe has produced 31 diamonds greater than 100 carats.

© 2020 Bloomberg

COMMENTS   1

You must be signed in and an Insider Gold subscriber to comment.

SUBSCRIBE NOW SIGN IN

Make sure the UK/The Queen does NOT steal this Jewel!

End of comments.

LATEST CURRENCIES  

USD / ZAR
GBP / ZAR
EUR / ZAR
BTC / USD

SEARCH COMPANIES
Enter company name or share code:

ECONOMIC DATA  

  CPIThe Consumer Price Index (CPI) measures monthly changes in prices for a range of consumer products Jul 2022 7.40%
  CPI ex OERThe Consumer Price Index excluding Owners’ Equivalent Rent (CPI ex OER) measures monthly changes in prices for a range of consumer products excluding Owners’ equivalent rent that measures changes in the cost of owner-occupied housing Jul 2022 8.10%
  RepoThe rate at which the Reserve Bank lends money to the country’s commercial banks and set by the Reserve Bank’s Monetary Policy Committee. Aug 2022 5.50%
  Prime lendingThe Prime Lending Rate is the rate of interest that commercial banks will charge their clients when issuing a loan (home loan or vehicle finance) Aug 2022 9.00%

Instrument Details  

You do not have any portfolios, please create one here.
You do not have an alert portfolio, please create one here.
INSIDER SUBSCRIPTION APP VIDEOS RADIO / LISTEN LIVE SHOP OFFERS WEBINARS NEWSLETTERS TRENDING

Follow us:

Search Articles:
Click a Company: