A 1,111 carat "high quality diamond" has been discovered in Botswana, said to be the biggest find in more than a century, according to the company.Rico says he can't afford it, but it'd be nice. (And the weight caught her eye, and his...) And that's the last time a black woman will get her hands on this...
The gem, only second in size to the Cullinan diamond, unearthed in South Africa in 1905, was mined by the Lucara Diamond Corp.
"The magnificent stone, which originated from the south lobe of Lucara's Karowe Mine, is the world second largest gem quality diamond ever recovered, and largest ever to be recovered through a modern processing facility," the Stockholm, Sweden-listed company said a statement. Shares in Lucara shot up 34 percent to 14.2 kronor in morning Thursday trading in Stockholm.
Botswana is the world's second biggest diamond producer, and Lucara said the gem was the largest ever to be recovered in the country. "The significance of the recovery of a gem quality stone larger than a thousand carats, the largest for more than a century, cannot be overstated," said William Lamb, the president and chief executive of Lucara.
The 1,111 carat stone is the world’s second largest gem quality diamond ever recovered.
The stone is yet to be evaluated, but commodities and mining analyst Kieron Hodgson, said it has "the potential to be one very expensive diamond. Valuation will depend on potential inclusions, how it would behave in cutting, and optimal shape as well as final color," he told the AFP. "All these things will need to be evaluated prior to bidding."
The biggest diamond ever discovered is the 3,106-carat Cullinan, found near Pretoria in South Africa in 1905. It was cut to form the Great Star of Africa and the Lesser Star of Africa, which are set in the crown jewels of England.
Lucara indicated on its website that the Karowe Mine also this week turned up further finds: an 813 carat stone and a 374 carat stone, prompting Lamb to laud "an amazing week" for the company.
19 November 2015
Largest diamond
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