Business/Economy

World 2nd Largest Diamond Sold

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26 Sep 2017 11:37 AM GMT
World 2nd Largest Diamond Sold
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The world’s second-biggest diamond has finally found a buyer. After failing to sell at a Sotheby’s auction last year, the 1,109-carat uncut stone has now fetched $53 million in a private sale to luxury jeweler Graff Diamonds. The seller, Canada’s Lucara (LUCRF), recovered the huge diamond from Botswana’s Karowe mine nearly two years ago. It named it Lesedi La Rona, which […]

The world’s second-biggest diamond has finally found a buyer.

After failing to sell at a Sotheby’s auction last year, the 1,109-carat uncut stone has now fetched $53 million in a private sale to luxury jeweler Graff Diamonds.

The seller, Canada’s Lucara (LUCRF), recovered the huge diamond from Botswana’s Karowe mine nearly two years ago. It named it Lesedi La Rona, which means “Our Light” in Botswana’s Tswana language.

Lucara had originally hoped to get at least $70 million for the stone, describing it as the biggest gem qua

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