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Exceptional Discovery: Lucara Unearths Second Largest Diamond in Botswana's Treasure Trove

Published August 22, 2024
1 months ago


In a groundbreaking revelation that underlines Botswana's prominence on the global stage of gem mining, Lucara Diamond Corp, a Canadian-based company with prolific stakes in the southern African country, has unveiled the extraction of an astounding 2,492-carat diamond from the depths of its Karowe mine— a dazzling testament to the region's mineral-rich crust.


The recently unearthed treasure, which has yet to be assessed for its gem quality, stands as a remarkable milestone that not only burnishes Lucara's reputation but also reinforces Botswana's position as a titan in the diamond industry. The stone, due to its sheer magnitude, is set to hold the title of the world's second-largest rough diamond unearthed, a luminous runner-up to the historic Cullinan Diamond, which was discovered over a century ago and now graces the regal British crown jewels after meticulous crafting.


This is not the Karowe mine's first brush with fame. The site has previously afforded the world the gift of colossal gems such as the 1,758-carat Sewelô and the 1,109-carat Lesedi La Rona. These landmark finds have garnered both Lucara and the Karowe mine an esteemed reputation for unearthing diamonds of exceptional size and quality, contributing to the narrative of Botswana's unparalleled diamond trove.


Further deepening the significance of this find, Lucara is slated to present the diamond to H.E. President Mokgweetsi Masisi of Botswana, a fitting tribute to the country's standing as the globe's premier diamond producer by value and a nation deeply intertwined with the mining sector.


This comes at an economic crossroads where Botswana has made legislative strides to ensure its natural resources bring direct benefits to its people. The proposed law mandating mining companies to offer a 24% stake to local investors, unless waived by government prerogative, showcases the country's commitment to fostering an inclusive wealth-sharing model.


As the gem awaits valuation and further analysis, the mining industry, gem enthusiasts, and the country's populace await with bated breath, eager to witness the transformation of this rough jewel into a symbol of Botswana's enduring legacy—a legacy etched in stone and time.



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