Debswana Diamond Co. a fraction of De Beers which deals with diamond mining discovers 1,098 carat diamond in Botswana.
It was unearthed on June 1 at Jwaneng, the world’s richest mine by value which is undergoing a $2 billion expansion. The stone could be the third-biggest diamond ever discovered since the company began operations half a century ago.
So far, according to Debswana acting Managing Director Lynette Armstrong, the preliminary analysis suggests that the
1,098 carat 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.
The acting MD of Debswana said a valuation of the diamond by Diamond Trading Co. Botswana is due in few weeks.
But what he couldn’t say was whether the stone will be sold by De Beers or via the Okavango Diamond Co., which is a state-owned trader with rights to purchase Debswana stones.
According to Rachel Mothibatsela, spokeswoman for Debswana, “Debswana will work with the government of the Republic of Botswana and De Beers to value and sell the diamond to ensure it returns maximum benefit for the people of Botswana.”
The company is partly owned by Botswana and De Beers in the business of precious stone mining. In 2019, Debswana produced 23.3 million carats which dropped by 7.3 million carats in production last year. Things got a bit worse due to the coronavirus outbreak which led to the suspension of production.
While the southwestern African nation relies on diamonds for 90% of its exports, De Beers owes more than two-thirds of its output to the country.
By Elijah Christopher
Elijah Christopher is a journalist at A New Touch Of Africa, is also a creative writer, a poet, and an IT enthusiast. He contributed to the collaborative poem written in celebration of Edwin Morgan Centenary, the first Glasgow poet laureate and Scottish national poet from the University of Glasgow. He loves meeting people and learning about new places, cultures, events, and lifestyles.