De Beers Unit’s Gigantic Diamond Could Be Third-Biggest Ever
- Debswana’s 1,098-carat stone discovered in Botswana on June 1
- Company’s production fell 29% last year to 16.6 million carats
Debswana Diamond Co., a unit of De Beers Plc, unearthed a 1,098 carat stone in Botswana on June 1, the largest since the company began operations five decades ago.
Preliminary analysis suggests the stone is the world’s third-largest gem-quality diamond ever after the Cullinan Diamond that was discovered in South Africa in 1905 and the Lesedi la Rona that was found in Botswana in 2015, according to Debswana acting Managing Director Lynette Armstrong.