Massive 2,492 Carat Diamond Discovered in Botswana by Lucara

Lucara Diamond Corp has discovered a massive 2,492 carat diamond in Botswana's Karowe mine. This gem is now the second-largest rough diamond ever found, following the 3,106 carat Cullinan Diamond from South Africa. The new diamond will be presented to Botswana's President, underscoring the nation’s dominance in global diamond production.

Lucara Diamond Corp has unearthed a stunning 2,492 carat diamond at its Karowe mine in Botswana, marking one of the largest diamonds ever discovered. While the stone's gem quality is yet to be unveiled, its substantial size positions it as the second-largest rough diamond in history, following the 3,106 carat Cullinan Diamond found in South Africa in 1905.

The Karowe Mine, renowned for producing large diamonds, previously yielded the 1,758 carat Sewelô and 1,109 carat Lesedi La Rona diamonds. Botswana's President Mokgweetsi Masisi is set to receive the gem on Thursday. Botswana remains the global leader in diamond production by value.

In a related development, Botswana's government proposed legislation last month that mandates mining companies to sell a 24% stake to local investors upon licensing, unless the government opts to acquire the shareholding. This move aims to boost local investment in the country's lucrative mining industry.

(With inputs from agencies.)