Take the pledge to vote

For a better tommorow#AajSawaroApnaKal
  • I agree to receive emails from News18

  • I promise to vote in this year's elections no matter what the odds are.
  • Please check above checkbox.

    SUBMIT

Thank you for
taking the pledge

Vote responsibly as each vote counts
and makes a diffrence

Disclaimer:

Issued in public interest by HDFC Life. HDFC Life Insurance Company Limited (Formerly HDFC Standard Life Insurance Company Limited) (“HDFC Life”). CIN: L65110MH2000PLC128245, IRDAI Reg. No. 101 . The name/letters "HDFC" in the name/logo of the company belongs to Housing Development Finance Corporation Limited ("HDFC Limited") and is used by HDFC Life under an agreement entered into with HDFC Limited. ARN EU/04/19/13618
CO-PRESENTED BY
LIVE TV DownloadNews18 App
News18 English
»
1-min read

World's Second Biggest Diamond Sells for $53 Million

The stone -- Lesedi La Rona has been identified by the Gemological Institute of America (GIA) as possessing exceptional quality and transparency.

Kabir Goswami | @kabirgoswami

Updated:September 26, 2017, 6:21 PM IST
facebookTwittergoogleskypewhatsapp
World's Second Biggest Diamond Sells for $53 Million
Photo credits: @GraffDiamonds/Twitter
Loading...
World’s second biggest, a 1,109-carat uncut diamond - Lesedi La Rona - was sold for $53 million at a private auction. The diamond was bought by Canada-based Graff Diamonds on Monday.

The Lesedi La Rona, or “our light” in the Tswana language, went unsold at a Sotheby’s auction in London last year.

“Following successful negotiation with Lucara Diamond Corp, Laurence Graff has acquired the world’s most valuable rough diamond – the Lesedi La Rona – weighing a record-breaking 1,109 carats,” Graff Diamonds said in a statement.

“We are thrilled and honoured to become the new custodians of this incredible diamond,” said Graff.

“The deal was closed with a handshake after more than a year of negotiations,” Graff added in its statement.




The stone has been identified by the Gemological Institute of America (GIA) as possessing exceptional quality and transparency.

Lucara, the original owner of the diamond had expected to sell it for about $86 million. After it failed to find any buyer in the first auction held last year, decided to hold a second auction, in which it received the highest bid of $53 million.

The Lesedi La Rona is second in size to the world’s largest diamond – Cullinan Diamond. The 3,106 carat Cullinan was discovered in South Africa in 1905. It was eventually cut into smaller stones, some of which are now part of Britain’s Crown jewels.

Graff diamonds, known to produce some of the world’s best diamonds and stones, earlier this year, had purchased a remarkable 373-carat rough diamond that was originally part of the Lesedi La Rona rough.
Read full article
Loading...
Next Story
Next Story

Also Watch

facebookTwittergoogleskypewhatsapp
 
 

Live TV

Loading...
Countdown To Elections Results
  • 01 d
  • 12 h
  • 38 m
  • 09 s
To Assembly Elections 2018 Results