6e9167a5407cbc92bb29feaf4abf612a.jpeg
June 30, 2016

Biggest diamond discovered in 100 years fails to sell at London auction

Biggest diamond discovered in 100 years fails to sell at London auction

The 1,109-carat Lesedi la Rona is the second-largest gem-quality rough diamond ever discovered, however bidding didnt reach the Sothebys reserve cost

Turns out the biggest diamond found in over a century might not be worth that much.

The tennis ball-sized Lesedi la Rona cannot discover a purchaser on Tuesday, a frustrating outcome for a stone that had actually been referred to as the discover of a life time by David Bennett, the chairman of Sothebys jewellery department.

The diamond was uncovered in November in Botswana at a mine owned by Canadas Lucara Diamond Corporation. It determined 1,109 carats, the second-largest gem-quality rough diamond ever found. Its name suggests our light in the Tswana language.

A spokesperson stated bidding reached $61m listed below the $70m minimum Sothebys had actually wished for.

No rough diamond of this size had actually ever been auctioned, and after Wednesdays sale it is uncertain if one will for a while.

Read more: https://www.theguardian.com/uk-news/2016/jun/30/biggest-diamond-discovered-in-100-years-lesedi-la-rona-fails-to-sell-auction

Related Posts