The world’ third-largest diamond was unearthed by Debswana Diamond Co., a unit of De Beers Plc in Botswana on June 1.
- A 1,098 carat stone was discovered at Jwaneng, the world’s richest mine by value, which is undergoing a $2 billion expansion.
- According to the preliminary analysis, the stone is the world’s third-largest gem-quality diamond ever after the Cullinan Diamond that was discovered in South Africa in 1905 and the Lesedi la Rona that was found in Botswana in 2015.
- Botswana accounts for more than two-thirds of De Beers’ output, while the country relies on diamonds for 90% of its exports.
