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Botswana: The third largest diamond in the world has been excavated

– It is the largest diamond that our company has managed to obtain in over 50 years of history. Our preliminary analysis suggests it may be the world’s third largest gemstone in terms of gem quality, says Lynette Armstrong, Acting Managing Director of the Debswana Diamond Company.

The presentation of the precious find took place in the capital of Botswana – Gaborone with the participation of the president of this country and local dignitaries. The huge gem is only slightly lighter than the second largest diamond in the world, which was also found in Botswana – in 2015.

Botswana is the largest diamond basin in Africa Botswana is the largest diamond basin in Africa – Monirul Bhuiyan / AFP

As emphasized by Lefoko Moagi, Minister of Minerals, there was no better time for such a discovery. The pandemic caused a dramatic collapse in the diamond market. According to De Beers, the outbreak caused 36 percent. decline in diamond sales compared to pre-pandemic data. The Morgan Stanley bank, which predicted $ 4.3 billion of diamond sales in 2020, cut its forecast by 2 percent. which we wrote about three months ago.

The world’s largest diamond is currently considered to be the so-called Cullinan. Named after the director of the mine where the mineral was mined. It was excavated in 1905 in Pretoria (South Africa). Originally it was 10 × 6 × 5 cm and weighed 3,000. 106 carats. After grinding, 9 large and 96 smaller stones were obtained from it.

Source: BBC

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