A 1,111 carat diamond, discovered in the Karowe mine, 500 km north of the capital and largest city of Botswana, Gaborone, has been crowned the world’s second largest diamond. It is not just the biggest diamond unearthed from Botswana but also the largest that has been found in a century. The gem is nearly of the size of a tennis-ball. The information has been confirmed by Lucara Diamond Corp., which is a Vancouver-based company. They are the owner and operator of the Karowe Mine.
The 1,111 carat stone was a find amidst an array of large white diamonds that included also a 374-carat stone and a 813-carat stone. The latter was tagged the sixth-largest diamond ever found. On discovery of the world’s second largest diamond chief executive William Lamb said “I am truly at a loss of words….We are truly blessed by this amazing asset…. This has been an amazing week for Lucara with the recovery of the second largest and also the sixth largest gem quality diamonds ever mined.”
The diamond is deemed to be a type-II A, a 65mm x56mmx40mm diamond. According to an initial evaluation, the gem has the potential to be one of the most expensive diamonds. The value will be estimated on the potential inclusions, the cutting nature, the color and the shape. All these factors will be considered before the value of the diamond can be evaluated. The rarity of the 1,111 carat diamond says that its price will surely outdo the price per carat standards.
Botswana is regarded as one of the biggest producers and suppliers of mined diamonds along with Australia and Russia. Over time Botswana has transformed itself from a laid back city to one of the leading diamond hubs and into a middle-income nation. The Karowe mine produces diamonds from the three kimberlite pipes; the north, center and south lobes. The mine is blessed with an estimated 6.3-million carats of diamonds. Diamonds make for 75 percent of Botswana’s foreign exchange earnings.