Found in Botswana the Lesedi la Rona diamond is up for auction and valued at 70 million.
Today Sothebys attempted to auction the largest diamond discovered in over a century a hunk of transparent rock the size of a tennis ball It was found last November at an open pit mine in the southern African country of Botswana At 1 109 carats its second in size only to the storied Cullinan diamond found in South Africa in 1905 and cut down into nine of the gems in the United Kingdoms Crown Jewels.
This new rough diamond has been given its own name too picked from among thousands of entries submitted by Botswanas citizens in a contest Theyre calling it the Lesedi La Rona which means Our Light in Botswanas official language of Tswana It was valued at 70 million.
Oct 17 2018nbsp018332The worlds largest mine the Debswana owned Orapa project in Botswana uses open pit mining to extract diamonds located up to 250m below the surface In 2015 the mine extracted over 9 6 million carats and its owners aim to extend operations to.
Still Lucara which is Canadian and an otherwise minor player in the industry compared to big boys like De Beers Group has been doing well The same week it found the Lesedi La Rona it uncovered two other giant diamonds nearby These included the worlds sixth largest gem quality diamond an 813 carat rough that Lucara auctioned off in May for the record breaking sum of 63 million.
Jun 29 2016nbsp018332The open pit mine where the diamond was found Its the largest uncovered in over a century Courtesy of Sothebys The priorities included investing in schools roads and getting water into.
After all in many parts of Africa the discovery of diamonds hasnt been a blessing The history of the diamond industry has been fraught with worker exploitation environmental destruction government corruption and squandering of revenues And thats not even mentioning all the blood diamonds used to pay for civil wars in countries ranging from Sierra Leone to the Democratic Republic of Congo.
Later a rich antimony mine opened in Central America The new mine made the price of antimony drop so low the Stibnite mine could not stay in business It closed in 1952 Today only the pieces of a few old buildings and machines remain The huge open pit mine once busy with men machines and trucks has become a small mountain lake.
The good luck part ironically began with the fact that when it was still a British protectorate Botswana was thought to have virtually no natural resources.
Apr 09 2019nbsp018332QUEBEC Stornoway Diamond Corp of Montreal has decided to suspend mining at the Renard 65 open pit mining at its Renard diamond project 350 km north of Chibougamau Instead the Renard 65 stockpile will be processed until the second quarter of 2020 During Q1 2019 mill feed came from the Renard 2 underground mine 89 the Renard 65 open pit 6 and the Renard 3.
Oct 30 2019nbsp018332RUSTENBURG A wall collapsed at Petra Diamonds Cullinan mine east of Pretoria following a thunderstorm the company said on Wednesday A sidewall of the open pit collapsed on Saturday and on.
Open pit is one of the most common mining methods used and starts from the earths surface maintaining exposure to the surface throughout the extraction period The excavation usually has stepped sides to ensure the safety of the miners and a wide ramp where equipment can travel allowing the product to be removed efficiently from the site.
The total diamond sales in 2019 was R13 3 billion R17 3 billion in 2018 The diamond mining industry employed 15 728 people in 2019 16 361 in 2018 De Beers the name which is synonymous with diamonds was founded by Cecil Rhodes in 1888 and for many years dominated the worlds diamond.
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