The second largest diamond in the world is discovered in Botswana and the company's stock price soars

On August 21 local time, Canadian diamond company Lucara Diamonds announced the discovery of a 2,492-carat diamond in Botswana. This is the largest diamond ever discovered in Botswana and the second largest diamond in the world.

This diamond was mined from the Karowe diamond mine in Botswana. This mine is famous for discovering giant diamonds. In 2015, Lucara discovered the 1,109-carat "Lesedi La Rona" at this mine. At that time, it was the second largest in history and was finally sold for 53 million US dollars. It also produced an 813-carat diamond that sold for 63 million US dollars. Both of these are the most precious Type IIa diamonds. In addition, a 1,758-carat "Sewelô" was discovered at this mine in 2019, but it does not have gem quality.

Lucara did not announce the quality grade of this newly discovered diamond but said that it will undergo processes such as cutting and polishing in the future. The president of Botswana and the minister of minerals and energy attended the press conference on the same day. The Botswanan minister of minerals and energy said that the diamond mining industry has promoted the country's economic development.

The world's largest known rough natural diamond is the 3,106-carat "Cullinan" diamond discovered in South Africa in 1905. It was cut into several finished gemstones. The two largest ones - "The Great Star of Africa" and "The Lesser Star of Africa" are set on the British royal scepter and crown respectively.

The discovery of the second largest diamond in the world has attracted great attention from the global diamond industry and market. Although its value is currently not clear, according to the Financial Times, it is estimated to be at least 40 million US dollars. The appearance of this diamond also brings new opportunities and topics to the currently challenged diamond market. The future evaluation results and market reactions are highly anticipated.