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Canadian mining companyLucara Diamond Corp.announced Thursday that the “exceptional” gem was found intact in its Karowe mine.
Calling it a “remarkable” find, the company celebrated it as “one of the largest rough diamonds ever unearthed.”
It was detected, unearthed and recovered thanks to the company’s Mega Diamond Recovery (MDR) X-ray Transmission (XRT) technology, which is designed to “identify and preserve large, high-value diamonds,” the company said in a press release.
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Prior to the latest announcement, the second largest discovery was thought to be the Lesedi La Rona, a 1,109-carat stone also found by Lucara at the Karowe mine in 2015. The diamond was sold to luxury jeweler Grafffor $53 milliontwo years later.
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Last month, Botswana, the world’s biggest diamond producer by value, proposed a law to request that, once they are granted licenses, mining companies sell a 24% stake in mines to local investors unless the government exercises its option to acquire the shareholding, according to Reuters.
The Role of AI in Stock Market Investment Strategies From Experts ✌️【Stock Insights】✌️ Free stock market analysis and data updates to help you select the best investment portfolio. Achieve steady growth and avoid losses with expert predictions and real-time market insights. The record-breaking 3,106-carat Cullinan Diamond was found in 1905 at the Premier mine in Transvaal, now South Africa. It was subsequently cut into smaller stones, some of which form part of the British royal family’s crown jewels.
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