Lucara Diamond, a Canadian firm, has discovered a 2,492-carat diamond at the Karowe Mine in Botswana, the second largest in the world. This find utilizes advanced X-ray technology and has the potential value exceeding USD 40 million. Botswana remains a leading diamond producer, contributing significantly to its economy, with notable previous finds enhancing its reputation in the diamond sector.
A diamond measuring 2,492 carats, the second largest in existence, has been unearthed at the Karowe Diamond Mine in northeastern Botswana, operated by Lucara Diamond, a Canadian company. Previously, the largest diamond, known as the Cullinan Diamond, weighed 3,106 carats and was discovered in South Africa in 1905, later becoming part of the British Crown Jewels.
The discovery occurred through advanced X-ray technology employed by Lucara, designed to locate and safeguard large, high-value diamonds. While the company has not disclosed the diamond’s value, sources cited by the Financial Times suggest that it could be worth over USD 40 million. Lucara’s President and CEO, William Lamb, emphasized the significance of the find, underscoring the potential of the Karowe mine and the merit of the investment in X-ray Transmission technology.
William Lamb expressed his enthusiasm over the discovery, stating that it showcases the immense possibilities of their mining operations. Furthermore, he highlighted the strategic importance of their technological investments in recovering such extraordinary stones. Images revealing the diamond depict Botswana’s President, Mokgweetsi Masisi, in his office with the remarkable gem.
Botswana stands as a leading diamond producer, contributing to 20 percent of global diamond output last year. The diamond industry is pivotal to Botswana’s economy, accounting for 30 percent of its gross domestic product and 80 percent of exports. Noteworthy previous finds from the Karowe Diamond Mine include a 1,758-carat diamond named Sewelô in 2019 and the 1,109-carat Lesedi La Rona discovered in 2015.
The Sewelô diamond was acquired by Louis Vuitton in 2020 for an undisclosed amount, while Graff Diamonds purchased the Lesedi La Rona for USD 53 million in 2017, solidifying Botswana’s status as a source of remarkable diamonds.
In conclusion, the discovery of the 2,492-carat diamond at Botswana’s Karowe Mine by Lucara Diamond represents a significant milestone in the diamond industry. The technological advancements employed to discover this gem highlight the operational excellence of the mine, further cementing Botswana’s position as a major player in global diamond production. The implications for both Lucara and Botswana’s economy are substantial, as this find adds to the country’s illustrious diamond legacy.
Original Source: www.business-standard.com
