A high quality diamond of 1,111 carat has been found in Botswana, South Africa. It is considered as the biggest discovery over more than a century. Cullinan diamond is the largest gem found in 1905 in South Africa by Lucara Diamond Corp.
The mining company Lucara is listed in Stockholm and gave a statement as- ‘The magnificent stone, which originated from the south lobe of Lucara’s Karowe Mine, is the world’s second largest gem quality diamond ever to be recovered through a modern processing facility.’
After this find shares in Lucara rose up to 34% to 14.2 kronor on Thursday morning in Stockholm trading. Botswana is known to be the second largest diamond producer in the world and it is the one of the largest discoveries.