Giant Diamond Finds No Buyer at Sotheby’s

     
     LONDON (AP) — Turns out the largest diamond discovered in over a century may not be worth all that much.
     The tennis ball-sized Lesedi la Rona failed to find a buyer Tuesday, a disappointing result for a stone which had described as “the find of a lifetime” by David Bennett, chairman of Sotheby’s jewelry division.
     The diamond was unearthed in November in Botswana at a mine owned by Canada’s Lucara Diamond Corporation. It measured 1,109 carats, the second-largest gem-quality rough diamond ever discovered. Its name means “our light” in the Tswana language.
     A spokeswoman said bidding reached $61 million — below the more than $70 million Sotheby’s had hoped for.
     No rough diamond of this size had ever been auctioned, and after Wednesday’s sale it’s unclear if one will for a while.

     Photo caption:

     FILE – In this Tuesday, June 14, 2016 file photo, a model poses for photographs holding up the largest gem-quality rough cut diamond discovered in over 100 years, the 1109-Carat “Lesedi La Rona” at premises of the Sotheby’s auction house in London. (AP Photo/Matt Dunham, File)
     Copyright 2016 The Associated Press. All rights reserved.

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