Botswana Unearths Second-Largest Diamond, Sparking Economic Excitement

Botswana Unearths Second Largest Diamond

Botswana Unearths Second-Largest Diamond, Sparking Economic Excitement

A 2,492-carat diamond, the second-largest ever discovered, was unearthed at Botswana‘s Karowe Mine by Lucara Diamond Corp, marking a historic moment for the country.

The discovery, made possible by advanced X-ray technology, places this gem just behind the legendary Cullinan Diamond, found in 1905.

Botswana’s President Masisi celebrated the find, which has sparked discussions about the nation’s vast natural resources and their potential economic impact.

Estimated to be worth between $40 million and $200 million, the diamond has already boosted Lucara Diamond Corp’s share price by 40%.

Weighing nearly half a kilogram, this exceptional gem not only underscores Botswana’s rich diamond reserves but also promises significant economic benefits for the nation.

The find has further solidified Botswana’s position as a leading player in the global diamond industry.

Source: OccupyGh.com 

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Neil Blackson: Neil Blackson has a B.A in Communication studies from the Ghana Institute of Journalism & currently undergoing a Bachelor of Laws (LLB) degree programme at the University of Cape Coast. I focus on local news, entertaining news, sports. I'm a socialite and a Manchester United fan :D Contact me on Email: occupygh@gmail.com or Phone: +233 247 659 843