Second largest diamond flops at auction

Lesedi la Rona

The world’s second largest diamond – the size of a tennis ball –  has failed to sell at Sotheby’s auction in London on Wednesday.

Initially valued at more than CAD$90million, the highest bid for the 1109-carat diamond reached only $61 million.

The diamond, dubbed ‘Lesedi La Rona’, was discovered at Lucara Diamond Corp’s Karowe mine in Botswana last year and translates to ‘our light’ in the local language.

Its size is second only to the Cullinan diamond which was cut into nine pieces to form part of the UK crown jewels.

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