Connect with us

Headlines

Newly Unearthed Stone May Be ‘World’s 3rd-Largest Diamond’

It was unearthed by Debswana Diamond Co.

mm

Published

on

A 1,098 carat stone found in Botswana early this month may be the world’s third-largest diamond.

It was unearthed by Debswana Diamond Co. at the Jwaneng mine, Bloomberg reports.

It’s not yet clear how much the stone may be worth. Diamond Trading Co. Botswana is conducting a valuation that should be completed within a few weeks, according to Bloomberg.

The BBC notes that the second-largest diamond, the Lesedi La Rona, sold for $53 million in 2017.

Debswana spokeswoman Rachel Mothibatsela said: “Debswana will work with the government of the Republic of Botswana and De Beers to value and sell the diamond to ensure it returns maximum benefit for the people of Botswana.”

Debswana is a partership between De Beers Plc and Botswana.

Advertisement

Read more at the Bloomberg

Over the years, INSTORE has won 80 international journalism awards for its publication and website. Contact INSTORE's editors at [email protected].

Advertisement

SPONSORED VIDEO

Thinking of Liquidating? Wilkerson’s Got You Covered

Bil Holehan, the manager of Julianna’s Fine Jewelry in Corte Madera, Calif., decided to go on to the next chapter of his life when the store’s owner and namesake told him she was set to retire. Before they left, Holehan says they decided to liquidate some of the store’s aging inventory. They chose Wilkerson for the sale. Why? “Friends had done their sales with Wilkerson and they were very satisfied,” says Holehan. He’d enthusiastically recommend Wilkerson to anyone looking to stage a liquidation or going-out-of-business sale. “There were no surprises,” he says. “They were very professional in their assessment of our store, what we could expect from the sale and they were very detailed in their projections. They were pretty much on the money.”

Promoted Headlines

Most Popular