Published On: Fri, May 6th, 2016

World’s biggest diamond to be sold in London

A model displays the 1109 carat "Lesedi La Rona" diamond at Sotheby's in the Manhattan borough of New York, U.S., May 4, 2016. REUTERS/Lucas Jackson

“Lesedi La Rona” diamond

“Lesedi la Rona,” which is the biggest gem-quality bumpy diamond found in over 100 years and it will be auctioned in London subsequent month and is anticipated to sell for $70 million, reported on Wednesday by international auction house Sotheby.

More of the sale on 29 June, the 1,190-carat diamond, the name is in Botswana’s Tswana language which is translated as “Our Light,” was on exhibition at Sotheby’s New York headquarters.

David Bennett, who is the global chairman of Sotheby’s jewellery distribution, stated the mass of the Lesedi la Rona astonished experts.

He further stated that “It really just soared off the scale of rare into something just, one off, it’s just unique,”

Found in Botswana in November 2015 by Canadian mining company Lucara Diamond Corp., the enormous gem is almost the mass of a tennis ball and is considered to be amid 2.5 billion to over three billion years old.

A model displays the 1109 carat "Lesedi La Rona" diamond at Sotheby's in the Manhattan borough of New York, U.S., May 4, 2016. REUTERS/Lucas Jackson     TPX IMAGES OF THE DAY

the 1109 carat “Lesedi La Rona” diamond

The Lesedi La Rona’s color and lucidity are usually of an uncommon and popular subgroup named Type IIa diamonds, a study stated by the Gemological Institute of America.

Bennett continued that it was second merely in mass to the Cullinan Diamond, which was found in 1905 in South Africa and weighed over 3,000 carats. The Cullinan Diamond was afterward cut into numerous smaller stones. The status of diamonds mined in Africa has been marked in latest decades by rebels in strife-torn countries who compelled people to mine them and then sold the alleged “blood diamonds” to lift up money to purchase arms. However the Kimberley Process Certification System, a United Nations-backed programme that was established in 2002 pursuing overwhelming civil wars in Angola, Sierra Leone, and Liberia, has crafted trafficking in clash diamonds very hard. Sotheby’s stated autonomous accounts by specialists illustrated the Lesedi la Rona could have the capability to produce the major, top-quality diamond ever witnessed once it has been cut and polished. Bennett continued by saying that “It’s worthwhile for people to come and look at it because you probably won’t be seeing it again in two or three year’s time,” Bennett added, “It may very well be cut up into all these wonderful famous stones.”

About the Author

Sidra Muntaha

- Sidra Tul Muntaha is a journalist (MA-Mass Communication and M.Phil in Mass Communication) based in Lahore. She is working as an editor at fashion, style and entertainment in the section of the Kooza. She writes fashion and entertainment articles for The Kooza News.