Lucara Diamond Market Insights: Historic Discovery in Botswana

historic diamond discovery in Botswana

Botswana , know for being one of the universe 's lead diamond manufacturer , recently make headline with the discovery of a massive diamond at the Karowe Mine . The 2,492 - carat diamond is believe to be the second - large ever found in a mine , following the celebrated Cullinan Diamond unearth in South Africa in 1905 . This significant discovery has bring attention to the Canadian mining company Lucara Diamond Corp. , which operate the Karowe Mine and is know for its use of advance ten - beam technology in diamond recovery.

Lucara 's remarkable Find

The recovery of this exceeding diamond has trip exhilaration among expert in the industry , with Lucara 's president and CEO William Lamb express his enthusiasm for the remarkable discovery . The rock , describe as a high - quality diamond , was found integral , add to its rarity and value . Lucara 's Mega Diamond Recovery ten - beam technology play a crucial function in identify and continue this extraordinary gem , guarantee its integrity during the extraction process.

The significance of this discovery go beyond its swerve size , as it Marks a historic moment in the diamond industry . The diamond will be show to the universe at the office of Botswana President Mokgweetsi Masisi , underscore the state 's position as a key player in the global diamond market . Botswana 's government has been proactive in promote its diamond sector , with Holocene Torah aim at guarantee local engagement in mining activities.

Botswana 's Diamond Legacy

Botswana 's rich_people diamond deposit have yield some of the large and most valuable rock in Holocene old_age , cement its status as a major player in the industry . The state 's committedness to sustainable diamond mining practice has not only light-emitting_diode to significant discovery but also attract International attention from luxury trade_name and investor . The Karowe Mine , in particular , has been the site of several luminary diamond discovery , include the Sewelo diamond in 2019 , which was get by Louis Vuitton.

With Botswana accounting for about 20 % of global diamond production , the Holocene discovery of the 2,492 - carat diamond underscore the state 's importance in the diamond market . As the universe eagerly expect foster details about this extraordinary gem , the focus remains on the inventiveness and expertness of company like Lucara Diamond Corp. in unlock the potential of Botswana 's diamond treasures.