• Latest
  • Trending
  • All
  • Politics
  • Economy
  • Security
  • Education
  • Sports
  • Health
  • Entertainment
  • Legal
  • Technology and Science
  • Opinion
  • Columns
  • Exposé
  • World
  • Lifestyle
Gigantic Diamond Found in Botswana Could Be The World’s Third-Biggest Ever

Gigantic Diamond Found in Botswana Could Be The World’s Third-Biggest Ever

4 years ago
JUST IN: African Champion Kolawole Crushes American, Others To Win Spanish Grand Prix Gold

JUST IN: African Champion Kolawole Crushes American, Others To Win Spanish Grand Prix Gold

3 hours ago
Ronaldo Absent As Family, Football Stars Bury Jota, Liverpool To Retain Player’s Contract

Ronaldo Absent As Family, Football Stars Bury Jota, Liverpool To Retain Player’s Contract

3 hours ago
Sierra Leone Suffers Power Cut As Turkish Power Supplier Shutdown Amid $40 Million Debt

Benin, Togo Owe Nigeria Over $11m In Unpaid Electricity Bills – NERC

4 hours ago
Russia, China’s Presidents Absent As BRICS Summit Starts In Brazil

Russia, China’s Presidents Absent As BRICS Summit Starts In Brazil

4 hours ago
Ukrainian Forces Capture Nigerian Fighting For Russia

Ukrainian Forces Capture Nigerian Fighting For Russia

11 hours ago
Saturday, July 5, 2025
  • About
  • Privacy Policy
Heritage Times
No Result
View All Result
Translate |
  • Login
  • Politics
    Russia, China’s Presidents Absent As BRICS Summit Starts In Brazil

    Russia, China’s Presidents Absent As BRICS Summit Starts In Brazil

    Mali: Parliament Grants Coup Leader 5-Year Renewable Presidential Term Without Election

    Mali: Parliament Grants Coup Leader 5-Year Renewable Presidential Term Without Election

    Russia Becomes First To Recognise Taliban Government Of Afghanistan

    Russia Becomes First To Recognise Taliban Government Of Afghanistan

    Nigeria Misses Out, As Trump Hosts Economy, Security Meeting With 5 African Presidents

    Nigeria Misses Out, As Trump Hosts Economy, Security Meeting With 5 African Presidents

    ADC: Major Shake-Up In Nigerian Politics As Top Figures Unite

    ADC: Major Shake-Up In Nigerian Politics As Top Figures Unite

    Tanzania: Prime Minister Majaliwa To Step Down

    Tanzania: Prime Minister Majaliwa To Step Down

    Ivory Coast: AU Court Rejects Gbagbo’s Bid To Seek Re-Election

    Ivory Coast: AU Court Rejects Gbagbo’s Bid To Seek Re-Election

    SA: Crack Widens In Unity Govt As DA Withdraws From National Dialogue

    SA: Crack Widens In Unity Govt As DA Withdraws From National Dialogue

    Cameroon: Influential Minister Resigns, To Challenge President Biya At Polls

    Cameroon: Influential Minister Resigns, To Challenge President Biya At Polls

  • Economy
    Namibia Suspends State Funerals Following Criticism Over High Costs

    Namibia Suspends State Funerals Following Criticism Over High Costs

    SA: Mineral Council Says Proposed Tax On Chrome Export Threatens Jobs

    SA: Mineral Council Says Proposed Tax On Chrome Export Threatens Jobs

    Senegal Moves To Reduce Reliance On Foreign Lenders, Targets Improved IGR

    Senegal Promises To Clear Undeclared Debt Incurred By Past Administration

    Nigerian Govt Set To Launch ‘Africans For Africa’ Mining Sector Fund

    Nigerian Govt Set To Launch ‘Africans For Africa’ Mining Sector Fund

    Kenya Mulls Privatisation Of Key Government Assets To Attract Investment

    Kenya Mulls Privatisation Of Key Government Assets To Attract Investment

    Nigeria: Govt Says Deliberate Policies Boosting Investors’ Confidence In Oil & Gas Sector

    Nigeria: Govt Says Deliberate Policies Boosting Investors’ Confidence In Oil & Gas Sector

    US-Africa Summit Wraps Up with Trade and Investment Deals Worth Over $2.5 Billion

    US-Africa Summit Wraps Up With Trade And Investment Deals Worth Over $2.5 Billion

    S/Africa Introduces $54 Million Incentive To Boost Local Manufacturing Of EVs

    South Africa Secures $474.6 Million Loan From AfDB To Boost Energy Transition

    Celebration Of Excellence: Nigerian Govt Rewards Outstanding Civil Servants With Brand New Cars, House

    Celebration Of Excellence: Nigerian Govt Rewards Outstanding Civil Servants With Brand New Cars, House

  • Security
  • Education
  • Sports
  • Health
  • Metro
  • Entertainment
  • Lifestyle
  • Legal
  • Tech & Science
  • Opinion
  • Exposé
  • Exclusive Videos
  • Niger Delta
  • World
  • Politics
    Russia, China’s Presidents Absent As BRICS Summit Starts In Brazil

    Russia, China’s Presidents Absent As BRICS Summit Starts In Brazil

    Mali: Parliament Grants Coup Leader 5-Year Renewable Presidential Term Without Election

    Mali: Parliament Grants Coup Leader 5-Year Renewable Presidential Term Without Election

    Russia Becomes First To Recognise Taliban Government Of Afghanistan

    Russia Becomes First To Recognise Taliban Government Of Afghanistan

    Nigeria Misses Out, As Trump Hosts Economy, Security Meeting With 5 African Presidents

    Nigeria Misses Out, As Trump Hosts Economy, Security Meeting With 5 African Presidents

    ADC: Major Shake-Up In Nigerian Politics As Top Figures Unite

    ADC: Major Shake-Up In Nigerian Politics As Top Figures Unite

    Tanzania: Prime Minister Majaliwa To Step Down

    Tanzania: Prime Minister Majaliwa To Step Down

    Ivory Coast: AU Court Rejects Gbagbo’s Bid To Seek Re-Election

    Ivory Coast: AU Court Rejects Gbagbo’s Bid To Seek Re-Election

    SA: Crack Widens In Unity Govt As DA Withdraws From National Dialogue

    SA: Crack Widens In Unity Govt As DA Withdraws From National Dialogue

    Cameroon: Influential Minister Resigns, To Challenge President Biya At Polls

    Cameroon: Influential Minister Resigns, To Challenge President Biya At Polls

  • Economy
    Namibia Suspends State Funerals Following Criticism Over High Costs

    Namibia Suspends State Funerals Following Criticism Over High Costs

    SA: Mineral Council Says Proposed Tax On Chrome Export Threatens Jobs

    SA: Mineral Council Says Proposed Tax On Chrome Export Threatens Jobs

    Senegal Moves To Reduce Reliance On Foreign Lenders, Targets Improved IGR

    Senegal Promises To Clear Undeclared Debt Incurred By Past Administration

    Nigerian Govt Set To Launch ‘Africans For Africa’ Mining Sector Fund

    Nigerian Govt Set To Launch ‘Africans For Africa’ Mining Sector Fund

    Kenya Mulls Privatisation Of Key Government Assets To Attract Investment

    Kenya Mulls Privatisation Of Key Government Assets To Attract Investment

    Nigeria: Govt Says Deliberate Policies Boosting Investors’ Confidence In Oil & Gas Sector

    Nigeria: Govt Says Deliberate Policies Boosting Investors’ Confidence In Oil & Gas Sector

    US-Africa Summit Wraps Up with Trade and Investment Deals Worth Over $2.5 Billion

    US-Africa Summit Wraps Up With Trade And Investment Deals Worth Over $2.5 Billion

    S/Africa Introduces $54 Million Incentive To Boost Local Manufacturing Of EVs

    South Africa Secures $474.6 Million Loan From AfDB To Boost Energy Transition

    Celebration Of Excellence: Nigerian Govt Rewards Outstanding Civil Servants With Brand New Cars, House

    Celebration Of Excellence: Nigerian Govt Rewards Outstanding Civil Servants With Brand New Cars, House

  • Security
  • Education
  • Sports
  • Health
  • Metro
  • Entertainment
  • Lifestyle
  • Legal
  • Tech & Science
  • Opinion
  • Exposé
  • Exclusive Videos
  • Niger Delta
  • World
No Result
View All Result
First with the News

Gigantic Diamond Found in Botswana Could Be The World’s Third-Biggest Ever

June 17, 2021
in Top Stories, World
0
Preliminary analysis suggests the stone is the world’s third-largest gem-quality diamond ever

Preliminary analysis suggests the stone is the world’s third-largest gem-quality diamond ever

0
VIEWS
Share on FacebookShare on TwitterShare on Whatsapp

By John Ikani 

A 1,098 carat diamond believed to be the third largest gem-quality stone ever to be mined, has been discovered in Botswana, according to a joint venture between a subsidiary of Anglo American’s De Beers – Debswana Diamond and the government.

Relatedreading

JUST IN: African Champion Kolawole Crushes American, Others To Win Spanish Grand Prix Gold

Ronaldo Absent As Family, Football Stars Bury Jota, Liverpool To Retain Player’s Contract

The stone was discovered at Jwaneng, the world’s richest mine by value, which is undergoing a US$2 billion expansion.

According to Debswana acting managing director Lynette Armstrong, 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.

The stone was been presented to President Mokgweetsi Masisi on Wednesday by Debswana Diamond Company’s acting managing director Lynette Armstrong.

Valuation by the Diamond Trading Co (Botswana) is due in a few weeks and at this point, Debswana can’t say whether the rock will be sold by De Beers or through the Okavango Diamond, a state-owned trader that also holds the right to buy Debswana stones, Ms Armstrong 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,” the company’s spokesperson, Rachel Mothibatsela, said.

Meanwhile, Minerals minister Lefoko Moagi said the discovery of the yet-to-be named stone, which measures 73mm long, 52mm wide and 27mm thick, could not have come at a better time after the COVID-19 pandemic hit diamond sales in 2020.

The government receives as much as 80% of the income from Debswana’s sales through dividends, royalties and taxes.

Production at Debswana fell 29% in 2020 to 16.6 million carats while sales fell 30% to $2.1 billion as the pandemic impacted both production and demand.

In 2021, Debswana plans to increase output by as much as 38% to pre-pandemic levels of 23 million carats as the global diamond market recovers with the easing of travel restrictions and reopening of jewellers.

Tags: African NewsAfrican Precious StonesBotswanaDiamondDiamond in AfricaMokgweetsi Masisi
ShareTweetSend
Previous Post

Bayelsa, United Nigeria Airlines Sign Agreement For Commercial Flight Operations

Next Post

BBNaija Lockdown Reunion Show Premieres Today

Related Posts

JUST IN: African Champion Kolawole Crushes American, Others To Win Spanish Grand Prix Gold

JUST IN: African Champion Kolawole Crushes American, Others To Win Spanish Grand Prix Gold

July 5, 2025
Ronaldo Absent As Family, Football Stars Bury Jota, Liverpool To Retain Player’s Contract

Ronaldo Absent As Family, Football Stars Bury Jota, Liverpool To Retain Player’s Contract

July 5, 2025

Benin, Togo Owe Nigeria Over $11m In Unpaid Electricity Bills – NERC

Russia, China’s Presidents Absent As BRICS Summit Starts In Brazil

Ukrainian Forces Capture Nigerian Fighting For Russia

Club World Cup: Chelsea, Fluminense Battle For Final Ticket

Next Post
BBNaija Lockdown Reunion Set For June

BBNaija Lockdown Reunion Show Premieres Today

Please login to join discussion
AfriHeritage Magazine Issue 2 AfriHeritage Magazine Issue 2 AfriHeritage Magazine Issue 2

Updates

Plugin Install : Widget Tab Post needs JNews - View Counter to be installed
  • Trending
  • Comments
  • Latest
JUST IN: African Champion Kolawole Crushes American, Others To Win Spanish Grand Prix Gold

JUST IN: African Champion Kolawole Crushes American, Others To Win Spanish Grand Prix Gold

July 5, 2025
Ronaldo Absent As Family, Football Stars Bury Jota, Liverpool To Retain Player’s Contract

Ronaldo Absent As Family, Football Stars Bury Jota, Liverpool To Retain Player’s Contract

July 5, 2025
Sierra Leone Suffers Power Cut As Turkish Power Supplier Shutdown Amid $40 Million Debt

Benin, Togo Owe Nigeria Over $11m In Unpaid Electricity Bills – NERC

July 5, 2025
Russia, China’s Presidents Absent As BRICS Summit Starts In Brazil

Russia, China’s Presidents Absent As BRICS Summit Starts In Brazil

July 5, 2025
JESIN GAMES - AfriTrivia JESIN GAMES - AfriTrivia JESIN GAMES - AfriTrivia
ADVERTISEMENT

Most Recent

JUST IN: African Champion Kolawole Crushes American, Others To Win Spanish Grand Prix Gold

July 5, 2025

Ronaldo Absent As Family, Football Stars Bury Jota, Liverpool To Retain Player’s Contract

July 5, 2025

Benin, Togo Owe Nigeria Over $11m In Unpaid Electricity Bills – NERC

July 5, 2025

Russia, China’s Presidents Absent As BRICS Summit Starts In Brazil

July 5, 2025

Ukrainian Forces Capture Nigerian Fighting For Russia

July 5, 2025

Club World Cup: Chelsea, Fluminense Battle For Final Ticket

July 5, 2025

Even If Devil Is Angry, I’ll Construct Huge Church At Presidential Palace — Ruto

July 4, 2025

Partey: Ex-Arsenal Star Charged With ‘Rape’

July 4, 2025

About

Heritage Times HT stands as a beacon of pan-African journalism, dedicated to amplyfing the rich tapestry of voices and narratives across the continent. With unwavering commitment, we illuminate the evocative essence of Africa, offering a fresh perspective that captivates our global audience.

Featured

From Hope To Fear: Kenya Joins East Africa’s Crackdown On Free Expression

AfDB Set For A New President, As Ould Tah Gains Continental Endorsement

How Dangote Is Turning Trump’s Trade War Into Africa’s Opportunity

Connect

Connect with us on social media and receive timely updates on the go.

Get Updates

  • About
  • Privacy Policy

© 2024 Heritage Times (HT) Media.

No Result
View All Result
  • Welcome
  • Politics
  • Economy
  • Security
  • Exposé
  • Education
  • Sports
  • Health
  • Entertainment
  • Legal
  • Technology and Science
  • Columns
    • Opinion
  • World
  • __________________
  • Make a Donation
  • Photo Speaks
  • Videos
  • You-Report
  • Whistleblower
  • Advertise
  • HT Events
  • About HT
  • Contact us

© 2024 Heritage Times (HT) Media.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In