Discover the biggest diamond for over 100 years
A 1111 carat heavy diamond has just been discovered by diamond mining company Lucara Diamond in Botswana - Bloomberg reported.
Detecting 1111 carats heavy diamonds in Botswana
This is the largest diamond discovered in the world for over 100 years, of type IIa , about the size of a tennis ball. Operators have found this diamond when using excavators to search at Karowe mine in the central African country of Botswana.
Lucara's Karowe mine and Letseng mine of Gem Diamonds in Lesotho are currently two of the largest and highest quality diamonds in the world.
Diamond weighs 1111 carats.
Before the 'big' diamond was discovered in Karowe, the world's largest diamond record found in the last century is the Lesotho Promist tablet weighing 603 carats found in the Letseng mine.
In July, Lucara sold a 341.9 carat heavy diamond of type IIa for $ 20.6 million, equivalent to $ 60,000 / carat.
Values and people willing to spend money on new diamond records are found depending on the size and quality of the diamond after cutting and polishing.
Most likely Lucara will sell the diamond at an auction in Botswana in the near future. However, cutting, polishing and selling diamonds to the final owner may take years.
Due to the deceleration of the global economy, diamond prices generally went down in the past year, but the prices of large diamonds decreased more slowly. In particular, the price of diamonds over 10 carats decreased by 5% in the past year, while the prices of smaller diamonds dropped by 30%.
The largest diamond discovered so far is the 3,106 carat Cullinan , found in South Africa in 1905. This diamond is cut into two Great Star of Africa and Lesser Star of Africa, now located in the Crown Jewels jewelry of the British royal family.
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