Botswana’s 2,488-carat Motswedi diamond, one of the largest gem-quality rough diamonds ever discovered, has finally found a buyer nearly two years after it was recovered from Lucara Diamond’s Karowe mine.
Canada-based Lucara Diamond disclosed the sale in its Q2 2026 results released on August 7, stating that the 2,488-carat Motswedi was included in the quarter's $41 million revenue.
The diamond remained unsold well into 2026. Lucara’s 2025 year-end report listed Motswedi in its inventory as of December 31, while its Q1 2026 report again said the stone remained unsold.
Lucara has not publicly identified the buyer or disclosed the sale price. The company had previously indicated that monetising a stone of Motswedi's scale could take considerable time because of the complexities involved in marketing, valuing, cutting and polishing exceptional diamonds.
The sale ends a lengthy search for a buyer for a diamond whose extraordinary size and rarity made it difficult to value and market through conventional channels.
