A new record-breaking piece of diamond was recently found in Botswana, Africa, and was regarded to be the "largest in over a century" that was discovered in the country. The discovery was shared by Botswana President, Mokgweetsi Masisi, holding the 2,492-carat rock mineral and showing it off to the world, with experts believing that it is worth more than $100 million.
The humongous gem was originally discovered by the Lucara Diamond Company, a Canadian mining company, in their Karowe Mine.
A Humongous 2,492-carat Diamond Found in Botswana, Africa
MONIRUL BHUIYAN/AFP via Getty Images
The New York Post reported on a massive discovery in Botswana, Africa, after a Canadian mining company unearthed a humongous 2,492-carat diamond in the country. This rough diamond is massive and was estimated to be worth around $100 million to as much as $160 million for the specific gem, and it was unveiled by the Botswana President at a recent viewing ceremony.
The African country's officials have not yet disclosed how much the gem would cost, as well as how it would be soldon the market.
At first, it was only estimated by Lucara, the company that found it, to be worth more than $40 million only.
The latest 2,492-carat diamond remains unnamed, but it is already dubbed as the "largest diamond in over a century." The record holder from over 100 years ago was the Cullinan, best known as a massive 3,106-carat diamond that wasfound in South Africa in 1905, famously cut into gems, and is part of the British Crown jewels.
Moreover, the Sewelo diamond found in 2019 was the previous largest of this century at 1,758 carats, and it was also discovered by Lucara in their Karowe Mine.
Shiny Diamonds and Their Massive Values
There are only a few things that hold value in this world over time, and among those are diamonds, best known to be from the carbon element, taking on a solid form after its atom forms a crystal structure. Two years ago, one of the rarest diamonds called "The Enigma" or the "outer space diamond" with a 555.55-carat measurement, was purchased by HEX.com's founder for as much as $4.3 million in crypto.
Diamonds are best known for being found through mining, spending years, and significant manpower in looking for these gems under the Earth, usually by massive companies.
According to scientists, there may be massive "blobs" that can be found on the Earth's mantle and are rich with elements such as iron, carbon, and water-claiming that a "Diamond Factory" may also be present.
The history of diamonds is notorious, but it remains one of the most precious gems in the world after all these years, making it one of the best-known and sought-after minerals in the market. Lucara's recent discovery in Botswana presented the largest diamond of our time and in the past century, with the 2,492-carat gem estimated to fetch more than $100 million in the market.