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Small Canadian miner finds massive diamond in Botswana

Nov 26, 2015 Lucara Diamond Corp, a small Canadian diamond company, recently found the world’s second-biggest gem quality diamond ever recovered.

According to the company, the 1,111 carat stone was found at its Karowe mine in north-central Botswana, one of the world’s most prolific diamond-producing areas.

The discovery came barely three months after Botswana, the world’s second largest producer of diamonds, slashed its economic outlook due to a fall in demand of the gem.

The diamond, which measures 6.5cm by 5.6cm by 4cm, is second in size only to the 3,106-carat Cullinan diamond found in South Africa in 1905.

Kieron Hodgson, a commodities and mining analyst recently asserted that the value of the stone will only be determined by its behavior during cutting, its optimal shape as well as the final color.

He also added that the Diamond has the potential of becoming the most expensive in the world.

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