Last Updated on 23/01/2022
|The diamond is 73 mm long, 52 mm wide and 27 mm thick. The diamond is 73 mm long, 52 mm wide and 27 mm thick. Photo: AFP|
Quora News: The world’s third-Biggest diamond weighing 1,098 carats was discovered in the African city of Botswana, according to Anglo-American De Beer and the government.
According to Reuters, the stone was presented to President Mook Vetsi Messi on June 16 by Lynette Armstrong, Acting Managing Director of Debswana Diamond Company.
It is the third-largest diamond in the world, having previously been discovered in South Africa in 1905 at 3,106 carats, and later in 2015 at Botswana, at 1,019 carats, laced la Rona.
“This is the largest diamond discovered in Debuswana’s 50-year history,” said Lynette Armstrong.
“We now have to decide whether to sell the diamond through the De Beers channel or through the state-run Okavango Diamond Company,” said Lennet Armstrong.
Minerals Minister Lifuko Mogi said the stone was yet to be named. He said that this stone is 73 mm long, 52 mm wide and 27 mm thick.
There was no better time to sell this rare stone after the sale of diamonds affected by the Coronavirus epidemic in 2020.
The government of Botswana receives 80% of the proceeds from the sale of Debswana through royalties and taxes.
|World’s Third-Largest Diamond Was Discovered in South Africa|
In 2020, Debswana’s production fell 29 percent to 166 carats, while sales fell 30 percent to 1 2.1 billion.
The global coronavirus affected both diamond demand and production.
The global diamond market is recovering with the easing of travel restrictions and the reopening of jewelry markets, and Debswana plans to increase its production by 38% to 23 million carats by 2021.