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The third largest diamond in the world was found in Botswana, weighing 1098 carats

Diamond company Depswana announced that Botswana has discovered a 1,098-carat stone, which it described as the third largest diamond in the world.

According to Britain's Guardian newspaper, the company's acting general manager, Lynette Armstrong, presented the stone, which was found on June 1, to the head of state, Mokgoetsi Masisi, on Wednesday.


The newly found diamond is the third largest in the world. The first weighed 3.106 carats, which was found in South Africa in 1905, and the second largest, weighing 1,109 carats, was discovered in Botswana in 2015.

“This is the largest diamond that Depswana has found in its 50-plus-year history of operation,” Armstrong said, adding, “From our initial analysis it could be the third largest stone in the world by gem quality. We have not yet made a decision about selling it via De Beers Channel. or through the state-owned Okavango Diamond Company.”

"The rare and exceptional stone ... means a lot in the context of diamonds and Botswana," he said, stressing that it brings hope to workers.

Minerals Minister Levuku Mogi said the discovery of the stone, whose name has not yet been revealed but measures 73 x 52 x 27 mm, could not come at a better time after the coronavirus pandemic hit diamond sales in 2020.

Production in Dabswana fell 29% in 2020 to 16.6 million carats, and sales fell 30% to $2.1 billion, as the pandemic affected production and demand.

Dipswana plans to increase production by up to 38% to pre-pandemic levels of 23 million carats in 2021 as the global diamond market recovers as travel restrictions ease and jewelers reopen.