World’s Second Largest Tough Diamond Too Massive to Promote

Lesedi la Rona is the most important diamond found in additional than a century, and the second-largest ever discovered.

A Canadian diamond-mining firm could also be pressured to chop its prize diamond after failing to discover a purchaser at Sotheby’s final summer time, however the agency’s executives are biding their time earlier than making a choice.

Lucara Diamond Corp had hoped the 1,109-carat stone, solely the second of its measurement ever found, can be snapped up by extremely-wealthy collectors however the bidding did not surpass the $ 70 million reserve worth, the minimal worth the vendor will settle for.

“The stone in tough type incorporates untold potential,”stated Lucara’s chief government William Lamb. “As quickly as you polish it into one answer, every part is gone.”

Sprucing a diamond is considered dangerous as it could possibly produce unpredictable outcomes when it comes to colour, weight and readability.

The two.5 billion-yr-previous stone, often known as ‘Our Mild’, or ‘Lesedi La Rona’ within the Tswana language of Botswana, its nation of origin, will now be put via a slicing course of that would take years.

The diamond is quick turning into a burden on the corporate – their inventory worth is down 30 % since since late final yr – and Lamb believes the agency might have to usher in a companion to assist reduce and promote the stone.

“We have already achieved our homework,” he stated. “You do not take a stone like this and provides it to the second greatest.”

In Might, Lucara bought a 373-carat tough diamond to luxurious jeweller Graff Diamonds for a reported $ 17.5 million. The stone had been a part of the Lesedi la Rona however turned separated from it in the course of the restoration course of.

“Each diamond has an inside script that we should learn and respect,” Laurence Graff, founding father of the London-based mostly excessive jewellery model, stated in a press release on the time. “We’ll now spend time discovering the secrets and techniques of this magnificent stone. Figuring out that nature has given us this extraordinary present, we tackle the good duty of releasing its inside magnificence.”

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