A huge diamond weighing 1,098 carats was mined by the diamond company Debswana in Botswana, Africa. The first time the diamond was publicly shown to Botswana President Mokgweetsi Masisi.
Botswana is currently the world’s largest diamond producer, and the diamond industry is its most important economic pillar. They collected a large amount of gold into the treasury of Botswana by collecting royalties and taxes from various diamond companies.
De Buwana is a company co-founded by the local government of Botswana and the world-class diamond company De Beers. The company’s general manager, Mr. Leonard Armstrong, said: “We estimate it will become the world’s third-largest diamond, such a rare and extraordinary diamond, brings hope to our suffering country.”
The diamond was discovered at the Jwaneng mine near Gaborone, the capital of Botswana. According to the government’s Twitter retweet, “The discovery of this diamond is significant to Botswana and can be used in making the country more advanced in construction.”
The largest diamond in the world now is the African star “Carignan,” discovered in South Africa in 1905. The 3106-carat diamond is cut into multiple parts. The most famous diamond is currently used on the Royal Crown, and the second-largest is in 2015. 1109 carats of “Our Light” was discovered in Karowe, northeast of Botswana. Botswana’s Minister of Minerals, Mr. Longfuk Moggi, said that the diamond market has plunged into a cold winter this year due to the impact of the new crown pneumonia. Production fell by 29% in 2020, and sales have fallen by 30% to only US$2.1 billion. Therefore, the timing of the discovery of this diamond gave this country a glimmer of hope.