WATCH: Botswana unearths world's third largest diamond

The stone was presented to President Mokgweetsi Masisi on Wednesday by Debswana Diamond Company's acting managing director Lynette Armstrong. It is the third largest in the world, behind the 3,106 carat Cullinan stone recovered in South Africa in 1905 and the 1,109 carat Lesedi La Rona unearthed by Lucara Diamonds in Botswana in 2015.

"From our preliminary analysis it could be the world's third largest gem quality stone. We are yet to make a decision on whether to sell it through the De Beers channel or through the state owned Okavango Diamond Company," Armstrong said. The government receives as much as 80% of the income from Debswana's sales through dividends, royalties and taxes.

Worthless rock, in the larger scheme of things, wouldn't you say

London is coming

South Africa Latest News, South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Botswana says found world's 'third largest' diamondBotswanan diamond firm Debswana said it had unearthed a 1,098-carat stone that it described as the third largest of its kind in the world. 🙆🏾‍♂️🙆🏾‍♂️🙆🏾‍♂️ It will be gone soon lol Not in Ladymith!? My people have found a giant one over there. This one in Botswana will surely be claimed by the Oppenheimers. They apparently own the diamonds in the Southern Africa. Thanks to Cecil Rhodes wars of thuggery and conquest.
Source: eNCA - 🏆 49. / 51 Read more »

Botswana unearths 'world's third largest diamond'A 1,098 carat diamond believed to be the third largest gem-quality stone ever to be mined, has been discovered in Botswana, according to a joint venture between Anglo American's De Beers and the government. So it's going to be flown out of Africa like the rest. Botswana mara,why must you involve those people.
Source: SowetanLIVE - 🏆 13. / 63 Read more »

Botswana unearths 'world's third largest diamond'A 1,098 carat diamond believed to be the third largest gem-quality stone ever to be mined, has been discovered in Botswana, according to a joint venture between Anglo American's De Beers and the government.
Source: TimesLIVE - 🏆 28. / 59 Read more »

LALI STANDER: Superb Garrick Higgo one of those who made step up as amateurThree-time European Tour winner and PGA Tour champion is inside the world’s top 40
Source: BDliveSA - 🏆 12. / 63 Read more »

World Test Championship final: Three key areas | The CitizenIndia and New Zealand face off in the inaugural World Test Championship final at Southampton starting Friday. Couple of months ago I came across a recommendation about Jacobsongreg93 wealth how he helped investors to earn lots of money with their investments. and I decided to give a trial with the little I have. Now my little has turned into something great which was not my expectation
Source: TheCitizen_News - 🏆 6. / 75 Read more »

PODCAST | Money makes the world go round: a broke ANC and a desperate, diamond-digging populaceThe team discusses the ANC's cash crunch and the politics of KZN's 'diamond rush'.
Source: TimesLIVE - 🏆 28. / 59 Read more »