The world's third-largest diamond has been found in Botswana. The 1098-carat diamond, found in mining two weeks ago, was shown to President Mokgwetsi on Wednesday. At 73 mm long, 52 mm wide and 27 mm thick, this prized diamond is only slightly lighter than the 'Lecedi la Rona' that was found in Botswana in 2015. The world's largest diamond was found in South Africa in 1905, a 3,106-carat Cullinan stone.

"This is the largest diamond Debswana has found in 50 years of operation," said Debswana's acting managing director Lennatte Armstrong. We are yet to decide whether to sell it through De Beers or the government company Okavango Diamond Company.

The estimate of the price of this diamond has not been released yet. However, in 2017 it was sold to a London-based jeweller, Lacedi La Rona, for $53 million. About 80 per cent of the Botswana government's income comes from Debswana's profits, royalties and taxes.

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