World's second-largest diamond found in BotswanaNovember 20, 2015 - 16:15 AMT PanARMENIAN.Net - A 1,111 carat "high quality diamond" has been discovered at a mine in Botswana, said to be the biggest find in more than a century, according to the mine company, AFP reports. The gem, only second in size to the Cullinan diamond which was unearthered in South Africa in 1905, was mined by Lucara Diamond Corp. "The magnificent stone, which originated from the south lobe of Lucara's Karowe Mine, is the world second largest gem quality diamond ever recovered and largest ever to be recovered through a modern processing facility," the Stockholm listed company said a statement. Shares in Lucara shot up 34 percent to 14.2 kronor in morning Thursday trading in Stockholm. Botswana is the world's second biggest diamond producer, and Lucara said the gem was the largest ever to be recovered in the country. "The significance of the recovery of a gem quality stone larger than 1,000 carats, the largest for more than a century....cannot be overstated," said William Lamb, the President and chief executive of Lucara. The stone is yet to be evaluated, but commodities and mining analyst Kieron Hodgson, said it has "the potential to be one very expensive diamond." "Valuation will depend on potential inclusions, how it would behave in cutting, optimal shape as well as final colour," he told AFP. "All these things will need to be evaluated prior to bidding." The biggest diamond discovered is the 3,106-carat Cullinan, found near Pretoria in South Africa in 1905. It was cut to form the Great Star of Africa and the Lesser Star of Africa, which are set in the Crown Jewels of Britain. Lucara indicated on its website that the Karowe Mine had also this week turned up further finds -- an 813 carat stone and a 374 carat stone, prompting Lamb to laud "an amazing week" for the company. Photo: File photo/AFP Related links: Top stories Paris Center Pompidou Musée National d’Art Moderne will host the screening of Sergei Parajanov’s "Triptych" on December 15. The creative crew of the Public TV had chosen 13-year-old Malena as a participant of this year's contest. She called on others to also suspend their accounts over the companies’ failure to tackle hate speech. Penderecki was known for his film scores, including for William Friedkin’s “The Exorcist”, Stanley Kubrick’s “The Shining”. Partner news | Russia warns Armenia against “falling into West’s trap” Zakharova maintained, however, that anything that will benefit the people of Armenia can only be welcomed. Meeting with U.S., EU not against third parties, says Armenia The meeting scheduled for April 5 is dedicated to strengthening of the Armenia-EU-US cooperation, Yerevan added. Ucom launches network modernization efforts in few regions of Armenia In particular, on March 28, the legacy Mobile Switching Subsystem will be replaced with a new one. Baku: EU, U.S. share responsibility for Armenia’s “destabilizing actions” Azerbaijan has declared that the European Union and the United States will share responsibility for any destabilizing actions of Armenia |