Second Biggest Diamond in the World Sells for $53 Million

Last year, the second biggest diamond in the world failed to sell at a Sotheby’s auction. Now, it seems like its time has come to shine too. The uncut, 1,109-caract diamond sold with $53 million. The buyer was Graff Diamonds, the luxury jeweler. It all took place during a private sale. The story goes that the seller, Lucara from Canada, found the enormous stone in the Karowe mine in Botswana, about two years ago. It baptized it Lesedi La Rona, which roughly translates to “Our Light” in the Tswana language, which people speak in Botswana.

The world’s second biggest diamond

Initially, Lucara was hoping to receive at least $70 million for the diamond. Its description said that it was the stone with the highest gem quality found in over a century. According to William Lamb, Lucara’s CEO, even like this, what Graff paid exceeded the offers made last year at Sotheby’s auction. However, it’s just a hair below what Lucara got last year for a smaller, 813-carat diamond called The Constellation, $63 million.

The company Graff Diamonds has its base in the United Kingdom and it is famous for always acquiring the most expensive stones. For example, back in 2006, it acquired the Lesotho Promise diamond for $12.4 million, in Belgium. Laurence Graff, who founded the company back in 1960, was always saying that an uncut diamond will always dictate how to be cut.

On Monday, Lucara officially announced that Lesedi La Rona had been sold. It’s interesting that immediately after this uncut stone was discovered, the stock abruptly increased. However, given last year’s unsuccessful auction, they have plummeted with over 40%. This is the world’s second largest uncut diamond. However, the story of the largest one is also interesting.

What about the biggest diamond?

The biggest diamond ever discovered was the 3,106-caract stone called The Cullinan Diamond. It was unearthed from the soil of South Africa, back in 1905. Unfortunately, the diamond didn’t get to keep its impressive size. It was cut into many smaller pieces. Most of those now belong to the British Royal Family, and are part of the famous Crown Jewels. All in all, it seems like no matter how much it costs, such valuable stones will always find their buyers.

Image source: wionews

Leave a Reply

Your email address will not be published. Required fields are marked *