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Canadian mining companyLucara Diamond Corp.announced Thursday that the “exceptional” gem was found intact in its Karowe mine.

Calling it a “remarkable” find, the company celebrated it as “one of the largest rough diamonds ever unearthed.”

It was detected, unearthed and recovered thanks to the company’s Mega Diamond Recovery (MDR) X-ray Transmission (XRT) technology, which is designed to “identify and preserve large, high-value diamonds,” the company said in a press release.

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bharat textiles and proofing industries limited (531029) hits 52 week high ✌️【Market Analysis】✌️ Real-time stock and futures data, backed by expert stock market trend predictions, to help you make timely and profitable investment decisions. Rough diamonds are usually classified as being gem-quality, near-gem or industrial-quality, depending on their color, clarity, size and shape.

Prior to the latest announcement, the second largest discovery was thought to be the Lesedi La Rona, a 1,109-carat stone also found by Lucara at the Karowe mine in 2015. The diamond was sold to luxury jeweler Grafffor $53 milliontwo years later.

bharat textiles and proofing industries limited (531029) hits 52 week high ✌️【Market Analysis】✌️ AI-driven stock trend forecasting with free access to real-time market data, offering personalized investment advice and expert predictions. The diamond is due to be presented to Botswana’s President Mokgweetsi Masisi on Thursday, according to Reuters.

Last month, Botswana, the world’s biggest diamond producer by value, proposed a law to request that, once they are granted licenses, mining companies sell a 24% stake in mines to local investors unless the government exercises its option to acquire the shareholding, according to Reuters.

bharat textiles and proofing industries limited (531029) hits 52 week high ✌️【Market Analysis】✌️ Real-time stock market data, precise predictions, and investment strategies to help you optimize your portfolio and achieve financial success. The record-breaking 3,106-carat Cullinan Diamond was found in 1905 at the Premier mine in Transvaal, now South Africa. It was subsequently cut into smaller stones, some of which form part of the British royal family’s crown jewels.

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