Credit: Botswana Government

Weighing in at 1,098 carats, the diamond might just be the third largest ever found. It’s currently on display in Botswana.

The African nation of Botswana can now breathe a sigh of relief after finding one of the largest diamonds ever at the Jwaneng mine, just 75 miles from the capital, Gaborone. The pandemic had caused diamond sales to plummet last year, so this diamond has been welcomed as a much needed boost to the economy.

The reason for this is because the company that found the diamond, Debswana, is a joint venture between the Botswana government and global diamond company De Beers. So 80% of the income from its sale will go towards the state.

Botswana’s UN representative, Athaliah Molokomme, stated that the proceeds will go towards further development of the country.

Lynette Armstrong, Debswana Diamond Company’s acting managing director, said that the diamond is, “the largest diamond to be recovered by Debswana in its history of over 50 years in operation.”

The diamond measures in at 73mm long, 52mm wide, 27mm thick, and is 1,098 carats. It’s just behind the second largest diamond, the 1,109 carat Lesedi La Rona also found in Botswana in 2015. The largest diamond is the 3,106 carat Cullinan diamond found in Africa in 1905.

How much the stone will cost hasn’t been announced yet but the Lesedi La Rona sold for USD$53 million in 2017. This new stone shouldn’t be too far from around that price.

Armstrong has said that that have “yet to make a decision on whether to sell it through the De Beers channel or through the state owned Okavango Diamond Company.”