Botswana announces discovery of exceptional diamond, one of the largest in history

The diamond bonanza contributes to the relative good economic health of Botswana. She proves it again today: the company Debswana, a diamond producer in Botswana, announced on Wednesday that it had unearthed a 1,098-carat diamond on June 1, the third largest of its type ever found in the world, according to it. .

This stone, shown on Wednesday to Botswanan President Mokgweetsi Masisi in the capital, Gaborone, is considered the third largest of this type found on the planet, underlines Lynette Armstrong, director of Debswana. It was unearthed at Jwaneng, the richest mine in the world by value.

VIDEO. The 2nd largest rough diamond in the world exhibited in Paris.

The discovery “brings hope to a struggling nation,” she added. Because the company Debswana, jointly owned by the government and the South African diamond dealer De Beers, produced 16.6 million carats in 2020, against 23.3 million carats in 2019, because of the pandemic.

The evaluation of its price will take a few weeks

The largest known diamond is the “Cullinan”, over 3100 carats, unearthed in South Africa in 1905. The second, of 1109 carats, was also discovered in 2015 in Botswana, in the Karowe mine, in the northeast of this southern African country. Negotiations lasted a year between the extraction company and the buyer of this “stone”, sold for 53 million dollars, or 45 million euros.

The evaluation of the price of this new diamond, by the Diamond Trading Co. Botswana, is expected in a few weeks. “Debswana will work with the government of the Republic of Botswana and De Beers to appraise and sell the diamond to ensure that it yields the maximum benefit to the people of Botswana,” the company spokesperson said, Rachel Mothibatsela.

Botswana is the largest African producer of diamonds, which accounts for 90% of its exports. The discovery is good news for the country: Last year, total sales of rough diamonds fell 30% to $ 2.1 billion as mines suspended production due to the coronavirus pandemic.

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.