The world’s second largest diamond is worth over $60 million, according to the CEO of the company that discovered it.
The 1,111 carat precious stone, which is slightly smaller than a tennis ball, was found last week, in the Karowe diamond mine, located in the center of Botswana.
Lucara Diamond Corp. was the one that unearthed it, thus vanquishing rival company Gem Diamonds Ltd., which had previously unearthed the Lesotho Promise. The 603-carat diamond had been considered at the time the largest gemstone of this kind to have been found throughout the course of a century.
However, the Lesotho Promise has been stripped of that title, following this new discovery. In fact, Lucara’s diamond is believed to be not just the largest in more than a century, but also the second biggest on record, dwarfed solely by the Cullian diamond, whose fragments adorn the British Crown jewels.
The weight of that incomparable gemstone, which was extracted from a South African mine in 1905, has been measured to be of 3,105 carat.
According to William Lamb, Lucara’s CEO, the company has already scorned a buyer who had offered $40 million for the newly mined Type-IIa stone, and won’t be settling for anything less than $60 million.
In fact, Lamb is claiming that he hasn’t even revealed to his wife how much money the enormous diamond can actually fetch.
He has remained tight-lipped, by simply stating that all prior estimations that have been made regarding the gem’s value have been inaccurate, underrating its true worth.
Apparently, diamonds in the rough which are particularly large usually cost around $60,000 for each carat, but this stone is too massive to be measured by ordinary scanners estimating value based on size, color and transparency.
In addition, Lamb believes that such calculations shouldn’t be made, given that the precious gemstone also benefits from extensive publicity, which can only boost its final asking price.
Indeed, the Natural History Museum in London, U.K. has asked for permission to feature the Lucara diamond in an exhibition, the Discovery Channel has revealed it would like to feature it in a documentary, and other third parties have also shown interest in the stone.
Moreover, there’s also the historic importance of this gem, given that no other similar sized diamonds have been found in more than 100 years.
All these factors add up, and they will determine the precious stone’s true value, after also taking into account the size of the finished, polished diamond.
It remains to be seen at what staggering price the jewel will eventually sell, given that its current owners are biding their time, and are even considering the possibility of not parting with the diamond for a while, unless a prospective buyer makes them an offer they can’t refuse.
Image Source: Lucara Diamond