By Sello Motseta
A huge diamond weighing more than 1,000 carats, which could be the third-largest mined in history, has been discovered in the southern African country of Botswana.
The high-quality gemstone weighing 1,098.3 carats was unearthed earlier this month in the Jwaneng mine owned by Debswana, the mining company jointly owned by the Botswanan government and the De Beers Group.
“With the recent introduction of a modern, state-of-the-art large diamond pilot plant, I have every hope that we will be able to recover more large diamonds,” said Lynette Armstrong, Debswana's acting managing director.
“This by all standards is a great metallurgical achievement, to recover a diamond of this size intact through our conventional ore processing plant,” she said.
The large diamond — 73 millimeters long, 52 millimeters wide and 27 millimeters thick — is the largest gem-quality diamond found in Debswana's mines in the company's more than 50-year history, she said. Diamonds were discovered in Botswana in 1967 and Debswana was formed in 1969.
The most recent large diamond found at Jwaneng mine was a stone weighing 446 carats in 1993, she said.
“The first sighting of the stone was on the first of June by our colleagues Kefentse Orakeng and Phodiso Selaledi when it was processed in the Aquarium plant. This sighting was confirmed three days later in the sort house on June 4th by a team led by Wapula Gaolatlhe,” said Armstrong.
The big diamond is good news for Botswana's beleaguered economy which has experienced a significant downturn during the COVID-19 pandemic. Diamonds account for about two-thirds of Botswana's export earnings.
Artificial intelligence is the biggest buzzword at the World Economic Forum’s annual meeting in Davos. Advances in generative AI stunned the world last year, and the elite crowd is angling to take advantage of its promise and minimize its risks.
Smartphones could get much smarter this year as the next wave of artificial intelligence seeps into the devices that accompany people almost everywhere they go.
The plans would include nearly 20,000 homes initially for 50,000 residents and could grow to 400,000 people.
In an annual assessment of global inequalities, Oxfam International said the first trillionaire could emerge within the next decade — as the anti-poverty organization pointed to the growing wealth gap that skyrocketed globally during the pandemic.
The Biden administration proposed a cost drop for overdrawing bank accounts, which it says could particularly relieve Americans living paycheck to paycheck.
With thousands of layoffs in tech and beyond, how workers can keep their skills sharp, plus reasons to be hopeful when looking at the job market.
Taking a look at investment strategy as the new year gets into full swing.
Americans stepped up their spending in December more than expected, closing out the holiday season and the year on an upbeat tone. The Commerce Department said retail sales rose 0.6% in December compared with a November’s 0.3% increase.
A New York architect charged in a string of slayings known as the Gilgo Beach killings was accused in a 25-year-old Connecticut woman's death.
Uber purchased Drizly in a cash-and-stock deal for $1.1 billion in 2021. The drink delivery app will shut down in March, according to Uber.
Load More