11 February 2016

Southern Africa: Botswana's Massive Diamond Named Our Light

Gaborone — The Lucara Diamond Corp has announced the winning name for the 1,111 carat gem quality diamond discovered in November last year. The diamond has been named Lesedi La Rona, which means Our Light. The winner of the competition is Thembani Moitlhobogi who will receive a prize of 25 000 pula (about N$35 000).

On January 18 the company launched a competition to name the spectacular Type IIa diamond, the biggest diamond ever found in Botswana and the second largest found in the world. The competition was open to all Botswana citizens including the company's Batswana employees.

Entrants were invited to submit their suggested name and rationale for their choice. More than 11 000 entries were received.

To ensure transparency and independence during the name selection process, the audit firm of Ernst & Young was retained to oversee the competition. The judging panel consisted of five executives from both Lucara and the Karowe mine. Entries were submitted to the judging panel on an anonymous basis with Ernst & Young retrieving the winner's name after the panel had selected the winning name for the diamond.

William Lamb, company CEO and president commented: "The outpouring of pride and patriotism shown by all the participants in the contest was incredible. The diamond industry has played a vital role in the country's development, allowing for significant and ongoing investment in world-class healthcare, education and infrastructure.  Lesedi La Rona symbolises the pride and history of the people of Botswana."

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