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(Some Guy)   Botswanan diamond company finds a 1,098 carat (0.48 pound, or 220 gram) diamond, the 3rd largest ever found   (artdaily.cc) divider line
    More: Cool, Botswana, De Beers, El Museo del Barrio, Gaborone, Auction, 1,098-carat stone gem diamond, Debswana, Museum of the City of New York  
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3335 clicks; posted to Main » on 17 Jun 2021 at 1:05 AM (7 weeks ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook



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2021-06-17 12:03:32 AM  
memesmonkey.comView Full Size
 
2021-06-17 12:04:09 AM  
Yakko's World But Every Nation That Does Not Exist Is Botswana
Youtube Y-hS7c6NFzI
 
2021-06-17 1:08:59 AM  
Sum buddy get da beers lets selebreight!
 
2021-06-17 1:10:45 AM  
I bet it was a dude with a shovel that found it and not the company.

Fark user imageView Full Size
 
2021-06-17 1:13:57 AM  
I'm sure the dude that found it will be fairly compensated $20 (USA).
 
2021-06-17 1:15:12 AM  

TedCruz'sCrazyDad: I bet it was a dude with a shovel that found it and not the company.

[Fark user image image 850x510]


Don't worry, I'm sure he got a huge bonus of like a whole extra year's pay (US equiv thirty cents)
 
2021-06-17 1:16:09 AM  

Mister Buttons: I'm sure the dude that found it will be fairly compensated $20 (USA).


DAMN YOU OPTIMIST!
 
2021-06-17 1:17:14 AM  
Man, the stones on these people!
 
2021-06-17 1:17:16 AM  
images.squarespace-cdn.comView Full Size
 
2021-06-17 1:19:19 AM  

Mister Buttons: I'm sure the dude that found it will be fairly compensated $20 (USA).


He only had to work nine hours that day, and he'll get an extra half portion of food on his tenth birthday.
 
2021-06-17 1:21:16 AM  
Cool. That'll give Botswana's government about $25 million extra revenue this year, and they could use it since their deficit is around $1 billion.
 
2021-06-17 1:22:39 AM  

TedCruz'sCrazyDad: I bet it was a dude with a shovel that found it and not the company.

[Fark user image 850x510]


Uh, mining operations in Botswana look more like this:

d3gvybjp3zjp3i.cloudfront.netView Full Size


It is a fairly developed country.
 
2021-06-17 1:24:02 AM  
Was it really a diamond?

external-content.duckduckgo.comView Full Size
 
2021-06-17 1:25:26 AM  
De Beers! Thank God, they're really struggling
 
2021-06-17 1:27:39 AM  

Mister Buttons: I'm sure the dude that found it will be fairly compensated $20 (USA).


I highly doubt any individual could be credited with finding it. They pull up massive amounts of rock and dirty with heavy machinery which is then processed with more heavy machinery to crush and abrade the rocks, separate materials, and clean it all, after which they check and see if there were any usable diamonds in that batch.
 
2021-06-17 1:27:56 AM  

Cormee: De Beers! Thank God, they're really struggling


cdn.vox-cdn.comView Full Size
De Beers? Da Bears!
 
2021-06-17 1:30:35 AM  

NobleHam: TedCruz'sCrazyDad: I bet it was a dude with a shovel that found it and not the company.

[Fark user image 850x510]

Uh, mining operations in Botswana look more like this:

[d3gvybjp3zjp3i.cloudfront.net image 604x453]

It is a fairly developed country.


Impressive!
Odd choice for the clitoris though...
 
2021-06-17 1:36:51 AM  

NobleHam: TedCruz'sCrazyDad: I bet it was a dude with a shovel that found it and not the company.

[Fark user image 850x510]

Uh, mining operations in Botswana look more like this:

[d3gvybjp3zjp3i.cloudfront.net image 604x453]

It is a fairly developed country.


Also the oldest democracy on the continent and ranks well in terms of corruption.
 
2021-06-17 1:39:53 AM  

Redh8t: NobleHam: TedCruz'sCrazyDad: I bet it was a dude with a shovel that found it and not the company.

[Fark user image 850x510]

Uh, mining operations in Botswana look more like this:

[d3gvybjp3zjp3i.cloudfront.net image 604x453]

It is a fairly developed country.

Impressive!
Odd choice for the clitoris though...


It's just a tease. With that kind of strip mining, nobody gets the shaft.
 
2021-06-17 1:39:53 AM  

NobleHam: TedCruz'sCrazyDad: I bet it was a dude with a shovel that found it and not the company.

[Fark user image 850x510]

Uh, mining operations in Botswana look more like this:

[d3gvybjp3zjp3i.cloudfront.net image 604x453]

It is a fairly developed country.


It's one of the few stable democracies with a properly functioning economy in Africa.  Largely because they never had much worth looting.
 
2021-06-17 1:40:28 AM  
"It brings hope to the nation that is struggling."

i.pinimg.comView Full Size
 
2021-06-17 1:47:55 AM  
Approves:

Fark user imageView Full Size
 
2021-06-17 1:56:46 AM  

NobleHam: Cool. That'll give Botswana's government about $25 million extra revenue this year, and they could use it since their deficit is around $1 billion.


You take think the 3rd largest diamond in history will only bring $25M? Given the prices NFTs, art, and classic cars have been bringing for the last 2 years I'm better you're missing a zero.
 
2021-06-17 1:59:13 AM  
Holy smokes! That will make like 500 grinding wheels!
 
2021-06-17 2:04:32 AM  
...and it's still inferior in quality to basically ANY diamond created in a lab.
 
2021-06-17 2:07:37 AM  
Family guy Advert for Diamonds
Youtube gpcW-4RbD7Y
 
2021-06-17 2:08:47 AM  

The more you eat the more you fart: ...and it's still inferior in quality to basically ANY diamond created in a lab.


To be fair there's no way you're making anything even 1% that size in a lab.
 
2021-06-17 2:10:37 AM  
Third largest gem quality, I wonder how many ugly yellow diamonds they've pulled up
 
2021-06-17 2:20:10 AM  

Mindlock: NobleHam: TedCruz'sCrazyDad: I bet it was a dude with a shovel that found it and not the company.

[Fark user image 850x510]

Uh, mining operations in Botswana look more like this:

[d3gvybjp3zjp3i.cloudfront.net image 604x453]

It is a fairly developed country.

Also the oldest democracy on the continent and ranks well in terms of corruption.


Like they are really good at corruption or they have only a tolerable amount of corruption?
 
2021-06-17 2:38:39 AM  

robodog: NobleHam: Cool. That'll give Botswana's government about $25 million extra revenue this year, and they could use it since their deficit is around $1 billion.

You take think the 3rd largest diamond in history will only bring $25M? Given the prices NFTs, art, and classic cars have been bringing for the last 2 years I'm better you're missing a zero.


A similarly sized raw diamond sold for about $45 million a couple of years ago, I think this one will probably be worth $50 million, but the government splits that 50/50 with De Beers. I suppose it depends to some extent on analysis of how it could be cut, how large and how many gems you could end up with from that hunk, but just based on weight of a raw diamond, $50 million seems about right.
 
2021-06-17 3:04:08 AM  

whither_apophis: Third largest gem quality, I wonder how many ugly yellow diamonds they've pulled up


Properly cut and faceted, even "ugly" yellow diamonds can be beautiful.  Set it white gold and use something different as accent stones - such as black spinel or black tourmaline.  Make it look like a full, yellow moon in a black night sky, with the white metal prongs suggesting stars.
 
2021-06-17 3:06:21 AM  

TedCruz'sCrazyDad: I bet it was a dude with a shovel that found it and not the company.

[Fark user image 850x510]


Of course. I bet he got paid a whole dollar for that days digging.
 
2021-06-17 3:34:10 AM  

The more you eat the more you fart: ...and it's still inferior in quality to basically ANY diamond created in a lab.


Yes, but it's an organic free-range diamond.
 
2021-06-17 3:37:03 AM  
I have nothing constructive to add to this thread. But I do have a Deadbolt song for it:
Deadbolt - Jackals Of Botswana
Youtube tiONhA1ot7c
 
2021-06-17 3:51:37 AM  
The creation of the diamond engagement ring is one of the most fascinating stories about marketing.

If we imagine that Apple is a good example of creating demand - people buying products to find out what they do - then they're put to shame by DeBeers, who have created a sustained demand for:

- a product that is priced at an artificially high level based on its perceived rarity and value (they're not particularly rare, and don't have much practical value;
- no one really needs;
- has no particular use;
- lasts forever, but are rarely recycled;
- are tied to showing status, and 'how much you love her;' and,
- have insane 'rules' about how much you should spend - rules created by diamond merchants.

It's a true masterclass.
 
2021-06-17 4:19:54 AM  

The more you eat the more you fart: ...and it's still inferior in quality to basically ANY diamond created in a lab.


Except for the size.  To make a diamond that big pretty much requires a planet.  Yes, the value of gem diamonds is grossly inflated, but don't let that fact blind you to the amazing reality required to naturally create them.
 
2021-06-17 4:21:16 AM  

winedrinkingman: Mindlock: NobleHam: TedCruz'sCrazyDad: I bet it was a dude with a shovel that found it and not the company.

[Fark user image 850x510]

Uh, mining operations in Botswana look more like this:

[d3gvybjp3zjp3i.cloudfront.net image 604x453]

It is a fairly developed country.

Also the oldest democracy on the continent and ranks well in terms of corruption.

Like they are really good at corruption or they have only a tolerable amount of corruption?


Corruption comparable to Portugal or South Korea.
 
2021-06-17 4:41:45 AM  
Jfc , what is that website design
 
2021-06-17 5:10:36 AM  
Seen walking away complaining about how much his a$$ hurts...

Fark user imageView Full Size
 
2021-06-17 5:45:07 AM  
What is ironic is that DeBeers is now touting the flaws of a natural diamond as a plus. So to combat this, synthetic diamond makers will do things like add contaminants to a diamond to changes it's color.
 
2021-06-17 5:51:07 AM  
It's stupid how much value humans place on pieces of rock. Or even metals, heck, even pieces of paper.

That's why you should let go of these stupid possessions that just add a heavy weight to life and mail them to me.
PO Box____
 
2021-06-17 5:55:38 AM  
Yeah but do they have Bitcoin?
 
2021-06-17 6:58:52 AM  
How many dead African children does 1,098 carats translate to? What is the current exchange rate on that?
 
2021-06-17 7:19:57 AM  
Ernest's Botswanian Advice
Youtube 1JGEZaO9790
 
2021-06-17 7:20:29 AM  

The more you eat the more you fart: ...and it's still inferior in quality to basically ANY diamond created in a lab.


But but but but, It ain't natural!

/or, maybe they're all equally worth as much as a hard shiny rock should be
//maybe this whole false scarcity thing is a bad idea, especially for the people from whom the rivers of blood flow trying to dig them out of the ground (maybe not Botswana, but elsewhere)
///If Millennials kill any market, it is probably going to be the diamond market, and they would deserve it.
 
2021-06-17 7:38:51 AM  
Oh boy a big shiny clear rock.  Such value...
 
2021-06-17 8:08:58 AM  
external-content.duckduckgo.comView Full Size
 
2021-06-17 8:10:24 AM  
I expected it to be a crap diamond, but no, it's clear and gem quality.

If Botswana has sense, they would hire one of the best diamond cutters to turn it into a masterpiece. It would become a new crown jewel, and the value would skyrocket.
 
2021-06-17 8:18:50 AM  
images.jdmagicbox.comView Full Size

I....found....a diamond. Well....one of my....workers...found it but....seeming as how...the workers....are...mine it...stands to reason...that makes the...diamond mine....as well.
 
2021-06-17 8:21:46 AM  

Private_Citizen: I expected it to be a crap diamond, but no, it's clear and gem quality.

If Botswana has sense, they would hire one of the best diamond cutters to turn it into a masterpiece. It would become a new crown jewel, and the value would skyrocket.


Eh, that's risky. For one thing, there's always a chance that the cutting gets farked up and you're left with something less valuable that you have to cut down to an even smaller size, for another, there isn't really a huge market for enormous crown jewels anymore. Not many thrones are buying these days. To the best of my knowledge, the last jumbo diamond, a 300ct gem cut from a roughly 1000ct raw diamond, still hasn't sold after more than two years.

It's safer just to sell the raw diamond to someone willing to shoulder the risk and expense of cutting it.
 
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