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Market
Will the 2,492-carat diamond be sold by February 24, 2025?
3
Karowe Mine•Botswana•Canadian•Lucara Diamond Corp•Cullinan Diamond•South Africa•Lucara•Mokgweetsi Masisi
Resolution / Starting Odds
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Official announcements from Lucara Diamond Corp or major auction houses
Story
Lucara Discovers 2,492-Carat Diamond in Botswana, Second Largest Ever
Aug 23, 2024, 06:13 AM
A massive 2,492-carat diamond, one of the largest ever discovered, has been unearthed at the Karowe Mine in Botswana by Canadian mining company Lucara Diamond Corp. This remarkable find is considered the second-largest gem-quality diamond ever found, following the 3,106-carat Cullinan Diamond discovered in South Africa in 1905. The diamond, which weighs nearly 500 grams, was detected using advanced Mega Diamond Recovery X-ray technology. It is estimated to be worth over $40 million. The discovery has significantly impacted Lucara's stock, which surged by 40% following the announcement. Botswana's President Mokgweetsi Masisi showcased the diamond at a viewing ceremony, highlighting its significance as the largest diamond found in over a century.
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