The third largest diamond in the world is said to have been discovered in Botswana

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One of the largest diamonds in the world was excavated in Botswana.

Debswana, a diamond mining company jointly owned by the county government and De Beers Group, recently discovered a 1,098.3 carat high gem quality diamond, the Botswana government announced Wednesday. The stone was presented this week to President Mokgweetsi Masisi, who praised the find and said the proceeds from the sale of the diamond will be used, as usual, to “promote national development.”

BOTSWANA MINING DIAMONDS
Botswana’s President Mokgweetsi Masisi will hold a gem diamond on June 16, 2021 in Gaborone, Botswana.

MONIRUL BHUIYAN / AFP via Getty Images


The country believes the rare stone is the third largest diamond in the world and the largest in the company’s history since the first diamonds were discovered in Botswana in 1967. It was found by the metallurgy assistant Orakeng Kefentse in the south kimberlite pipes of the Jwaneng mine.

Botswana is Africa’s largest diamond producer. Prior to this most recent find, the largest gem-quality diamond found in the mine was 446 carats in 1993, the company said.

“Debswana will work with the government of the Republic of Botswana and De Beers to evaluate and sell the diamond to ensure that it will bring maximum benefit to the people of Botswana,” the company said in a Statement. “And will announce further plans in due course to bring this unique treasure to market.”

BOTSWANA MINING DIAMONDS
A Botswana cabinet member holds a gem diamond in Gaborone, Botswana on June 16, 2021.

MONIRUL BHUIYAN / AFP via Getty Images


The government has not released an estimate of the potential value of the unnamed stone, but in 2017 the second largest diamond ever found, Lesedi La Rona, sold for $ 53 million. The largest diamond ever found was the 3,106 carat Cullinan diamond discovered in South Africa in 1905.

The announcement comes when thousands of people hit one little village in South Africa looking for Diamondsafter a man reported finding a crystal-like stone. The African economy has suffered badly during the pandemic, a clear contributing factor to this modern diamond rush.



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