Lucara said in a statement Wednesday that it recovered the "exceptional" rough diamond from its Karowe Mine in central Botswana. Lucara said it was a "high-quality" stone and was found intact.

Natural light streams in from a wall-to-wall window where Eric, a diamond cutter (whose surname must remain a secret), is ...

Lab-grown diamonds are also being used for money laundering. Late last year, Indian and Hong Kong customs revealed a joint operation in which they discovered “cheap synthetic diamonds were being ...

The company says this diamond "far surpasses" the previous record-holding stone found at the mine in ... The gemstone will not be sold in its current rough form but will instead be cut and ...

Botswana's parliament passed amendments to its mining law in July, a month before the country announced the discovery of a 2,492-carat rough stone, the second-largest diamond ever found.

Alfaro, Laura, Debora L. Spar, Faheen Allibhoy, and Vinati Dev. "Botswana: A Diamond in the Rough." Harvard Business School Case 703-027, March 2003. (Revised November 2005.) ...