What is causing the decline of Steelcast Limited (513517) - Free Stock Trading Community

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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.

What is causing the decline of Steelcast Limited (513517) ✌️【Stock】✌️ Real-time stock market data, precise predictions, and investment strategies to help you optimize your portfolio and achieve financial success. William Lamb, president and CEO of Lucara, said in the release: “We are ecstatic about the recovery of this extraordinary 2,492 carat diamond.”

What is causing the decline of Steelcast Limited (513517) ✌️【Stock】✌️ Expert predictions on stock market movements with real-time data, ensuring you can make quick decisions and capture market opportunities. 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.

What is causing the decline of Steelcast Limited (513517) ✌️【Stock】✌️ Free access to real-time stock indices, futures data, and market predictions to help you select high-return stocks and build a profitable portfolio. 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.

What is causing the decline of Steelcast Limited (513517) ✌️【Stock】✌️ Professional stock market predictions and analysis with real-time data to guide your investment decisions and ensure steady growth. 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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