Lucara Diamond Corp has announced the discovery of a remarkable 2,492-carat diamond at its Karowe mine in Botswana. This diamond is notable for being one of the largest ever excavated, ranking as the second largest rough diamond found to date, following the historic 3,106-carat Cullinan Diamond discovered in South Africa in 1905.
While Lucara has not disclosed the gem quality of the new find, the size alone positions it as a significant addition to the world of diamonds. The Karowe Mine is renowned for yielding large stones, including the 1,758-carat Sewelô and the 1,109-carat Lesedi La Rona.
The company plans to present the diamond to Botswana’s President Mokgweetsi Masisi, highlighting the country’s status as the world’s leading diamond producer by value. Recently, Botswana has proposed legislation requiring mining companies to offer a 24% stake in their mines to local investors upon receiving a license, unless the government opts to acquire that share.