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December 8, 2019

Why the newly discovered, second-biggest diamond ever is not worth as much as you’d think

The recent discovery of the second-biggest diamond in history — a staggering 1,758-carat stone — is a remarkable find, but there’s a debate over its real market value.

Lucara Diamond Corp. said it recovered the stone from the Karowe mine in Botswana. The previous holder of the No. 2 position, a 1,111-carat diamond called Lesedi La Rona, was also unearthed in Karowe.

However, the company said the newly found diamond is “a near-gem of variable quality,” which means that, as far as diamonds are concerned, the size of the stone is not what’s most important.

Read more about Lucara’s latest discovery on the CNN website HERE

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