2nd Largest Diamond Found!-Would Love to Hold It In My hands A Whopping 2492cts!


On August 21, 2024, Lucara Diamond Corp. made headlines with the discovery of an extraordinary 2,492-carat diamond at their Karowe Mine in Botswana. This monumental find ranks as one of the largest rough diamonds ever unearthed, second only to the famous 3,106-carat Cullinan diamond found in South Africa in 1905.

The diamond was recovered using Lucara’s advanced Mega Diamond Recovery (MDR) X-ray Transmission technology, which was installed at the Karowe mine in 2017. This cutting-edge technology is designed specifically to detect and preserve large, high-value diamonds, which has proven to be a game-changer for the mine. The diamond was extracted from the EM/PK(S) kimberlite, a primary ore source that Lucara plans to focus on in the coming years as they expand their underground mining operations.

This discovery further cements Karowe’s reputation as a world-class diamond mine. Over the years, Karowe has been the source of several other notable finds, including the 1,758-carat Sewelô and the 1,109-carat Lesedi La Rona. Lucara’s CEO, William Lamb, expressed his excitement, noting that this find not only showcases the mine’s incredible potential but also highlights the success of their strategic investments in technology and underground development.

Beyond the excitement surrounding this massive diamond, the discovery also underscores the significant socio-economic benefits that Botswana’s diamond industry brings to the country. The revenues from diamond mining fund essential sectors like education and healthcare, contributing to Botswana’s overall development.

This 2,492-carat diamond not only reflects the wealth hidden beneath Botswana’s soil but also symbolizes the nation's leadership in the global diamond industry, achieved through innovation and strategic development​

Newswire
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Mining Technology
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Lucara Diamond Corp.

The fate of the colossal 2,492-carat diamond discovered in Botswana is likely to follow a carefully orchestrated path. 

Here’s what might happen:

  1. Assessment and Certification: Gemologists will meticulously examine the diamond to assess its quality, color, clarity, and cut. This process ensures that the gem meets the highest standards. Once certified, its value will be officially determined.

  2. Auction or Private Sale: The diamond could be auctioned by a prestigious auction house like Sotheby’s or Christie’s. Alternatively, a private sale might occur, where a wealthy individual or collector acquires it directly.

  3. Cutting and Polishing: The rough diamond will be cut into smaller, more manageable pieces. Expert cutters will aim to maximize its brilliance and minimize flaws. The resulting polished diamonds could be used in jewelry or as investment pieces.

  4. Jewelry Creation: Some portions of the diamond may be transformed into exquisite jewelry. High-end designers and jewelers will craft unique pieces, such as necklaces, rings, or tiaras.

  5. Museum Display: Given its historical significance, a portion of the diamond might find its way into a museum. Museums often showcase rare gems to educate and inspire visitors.

  6. Investment: Wealthy investors might purchase the diamond as an alternative investment. Rare gems can appreciate significantly over time.

  7. Legacy: The diamond’s legacy will endure, with stories and legends surrounding its discovery and journey. It will forever be a symbol of Botswana’s natural wealth.

Remember, this process involves intricate negotiations, security measures, and decisions by various stakeholders. The diamond’s destiny lies in the hands of those who recognize its immense value.

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