3rd largest diamond was discovered in Botswana | How does it affect Debswana
A 1,098-carat diamond stone was found in Botswana. Now, it is considered the third-largest gemstone ever mined. It is the third-largest in the world after the Cullinan stone, which is 3106-carat and was minded in 1905 in the South Africa region, and the Lesedi La Rona stone, of 1109-carat, that was discovered in Botswana in 2015.
The discovery of an unnamed stone could not have been better after the pandemic situation influenced sales of diamonds in the 2020 period. Namely, Debswana production decreased 29% in 2020 to 16.6 million carats, and sales dropped 30% to 2.1 billion dollars as the pandemic influenced both production and sale. Therefore, in 2021, Debswana is going to improve production by 38% to 23 million carats.
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