Prices of diamonds have been lackluster for a while.   In Botswana, the second largest diamond yet discovered, plucked from the earth’s depths by machines, will probably fetch a very good price.  It may even be sold on its own at auction.

The only larger stone discovered to date was in 1905 in South Africa.  It is part of the British crown jewels.

It is projected that Global diamond production is expected to peak in 2017, when 164 million carats of diamonds are forecast to be produced, according to McKinsey & Co. After that, production is expected to go into a long-term decline, unless significant new discoveries are made, McKinsey’s forecasts show.  Is there room for an entrepreneurial move here?