November 19, 2015, 13:42 / Business / News

Largest diamond since 1905 found

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Canadian company Lucara Diamond says it has found a 1,111-carat diamond at its Karowe mine in Botswana. It is the largest diamond found in the world since 1905, when a 3,106-carat diamond was discovered in South Africa, named the Cullinan, and presented to King Edward VII of England two years later.

Lucara Diamond published photographs of a diamond the size of a tangerine (65 x 56 x 40 mm). Lucara's main listing is on the Toronto Exchange, but its shares are also traded on the Stockholm Stock Exchange, where they soared 30% on Thursday morning after the discovery was reported. According to the company, it also found two more large diamonds weighing 813 and 374 carats; However, she warned that they have not yet been cleaned, so their final weight may change. "I'm speechless. This is an incredible week for Lucara as we have found the second and sixth largest diamonds ever mined in the world," said company CEO William Lam.