The second largest diamond in the world has finally been sold

**The world's second largest diamond, the Motswedi, has finally found a buyer**

The 2,488.32-carat Motswedi diamond, found in Botswana, has been sold after nearly two years of waiting, Business Insider Africa reports. The stone, which was discovered in August 2024 at the Karove mine, was originally reported to weigh 2,492 carats, but after being cleaned and polished, its final weight was 2,488.32 carats.

The Gemological Institute of America has recognized the Motswedi as the second largest gem-quality diamond ever found. The first place goes to the famous 3,106-carat Cullinan diamond, found in South Africa in 1905.

According to Business Insider Africa, Canadian mining company Lucara Diamond announced the sale in its second-quarter 2026 report. The Motsvedi diamond was included in the company's quarterly earnings report on August 7, with total revenue of $41 million. However, Lucara did not disclose the buyer of the Motsvedi or its exact price.

The sale of such a huge diamond was complicated because there are no clear criteria for determining the price of very large stones in the market. The owner of the diamond could have divided it into several valuable diamonds or kept it as a rare collector's item or museum exhibit.

The Motsvedi is also distinguished by its high quality. The Gemological Institute described it as a transparent, light brown diamond of jewelry quality. The institute also said that the stone was a single crystal with few flaws. Earlier, it was reported that New York Mayor Zohran Mamdani had asked Britain to return the Koh-i-Noor diamond to India.