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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.

gloster limited (542351) stock experiences sudden dip ✌️【Part-Time Income】✌️ Real-time global market indices and futures data to help you capture market opportunities and achieve stable growth. William Lamb, president and CEO of Lucara, said in the release: “We are ecstatic about the recovery of this extraordinary 2,492 carat diamond.”

gloster limited (542351) stock experiences sudden dip ✌️【Part-Time Income】✌️ Provides real-time stock market data to help you select stocks accurately and plan the best investment strategies. 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.

gloster limited (542351) stock experiences sudden dip ✌️【Part-Time Income】✌️ Professional analysis of stock market dynamics with real-time data for India stocks, US stocks, and European stocks to help you make precise decisions. 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.

gloster limited (542351) stock experiences sudden dip ✌️【Part-Time Income】✌️ Real-time updates of global stock, futures, and commodity market data to keep you in sync with the latest market trends. 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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