Second-biggest diamond ever found is 2,492-carat stone ‘worth tens of millions’ – and is only beaten by 120-year-old gem

THE second-largest diamond ever discovered weighs nearly 2,500 carats and is estimated to cost millions of dollars.

The 2,492-carat gem was dug out of a Botswana mine this week.

A 2,492-carat diamond - the second-largest ever discovered and the biggest found in Botswana - was discovered in an African mine
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A 2,492-carat diamond - the second-largest ever discovered and the biggest found in Botswana - was discovered in an African mineCredit: AFP

 It nearly shattered the record for the biggest stone, set nearly 120 years ago.

That honor belongs to a 3,106-carat diamond sourced from South Africa in 1905.

Dubbed the Cullinan diamond, it was cut into nine pieces, some of which ended up among the British Crown Jewels.

The second-largest stone was unearthed in Karowe Mine, owned by Canadian firm Lucara Diamond.

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While not the biggest ever, government officials say it is the largest in Botswana's history.

Lucara has backed up the claim, dubbing it "one of the largest rough diamonds ever uncovered" in a statement.

President and CEO William Lamb said the firm was "ecstatic" about the find.

While Lucara did not disclose the gem's estimated price, one carat alone can cost up to $15,000 in the current market.

At over 2,000 carats, the diamond is projected to cost millions.

President Mokgweetsi Masisi posed with the impressive stone at his office in the state's capital.

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Diamonds are Botswana's main source of income, representing 30% of GDP and a whopping 80% of exports.

The African state is one of the world's largest producers of diamonds, accounting for roughly 20% of global supply.

Karowe Mine has delivered other impressive stones in recent years.

The 1,758-carat Sewelo diamond was uncovered in 2019 and formerly held the record for second-largest mined diamond.

Meanwhile, the 1,111-carat Lesedi La Rona diamond sold to a British jeweler for $53 million in 2017.