Connect with us

Hi, what are you looking for?

Jewish Business News

World News

Sotheby’s to Auction World’s biggest diamond Lesedi la Rona

The gem-quality rough diamond is expected to earn more than $70 million

“LESEDI LA RONA” diamond

 

Sotheby’s will auction the Lesedi la Rona, a 1, 109 ct. gem-quality rough diamond, at a stand-alone auction in London on June 29.

It was unearthed by Lucara Diamond Corp. in November 2015 at its Karowe mine in Botswana. The name Lesedi la Rona means “our light” in the Tswana language of the country.

Please help us out :
Will you offer us a hand? Every gift, regardless of size, fuels our future.
Your critical contribution enables us to maintain our independence from shareholders or wealthy owners, allowing us to keep up reporting without bias. It means we can continue to make Jewish Business News available to everyone.
You can support us for as little as $1 via PayPal at [email protected].
Thank you.

“The Lesedi la Rona is simply outstanding and its discovery is the find of a lifetime, ” said David Bennett, worldwide chairman of Sotheby’s Jewellery Division, in a statement. “It is a huge honor for Sotheby’s to have been entrusted with its sale. Every aspect of this auction is unprecedented. Not only is the rough superlative in size and quality, but no rough even remotely of this scale has ever been offered before at public auction.”

The stone is currently the largest rough diamond in existence and is the largest diamond to be discovered since the 3, 106.75 ct. Cullinan Diamond was discovered in South Africa in 1905.

“We are very excited to be partnering with Sotheby’s on this landmark auction, ” said William Lamb, president andCEO of Lucara Diamond Corp.,  in a statement. “Lucara has made innovation the cornerstone of its development strategy, and this has led to the historic recovery of the Lesedi la Rona diamond. The forthcoming sale presents a unique opportunity to present this extraordinary diamond to a worldwide audience.”

The diamond will be on view at Sotheby’s New York on May 7 and at Sotheby’s London June 18–28.

(Photo courtesy of Sotheby’s)

Newsletter



You May Also Like

Life-Style Health

Medint’s medical researchers provide data-driven insights to help patients make decisions; It is affordable- hundreds rather than thousands of dollars

World News

In the 15th Nov 2015 edition of Israel’s good news, the highlights include:   ·         A new Israeli treatment brings hope to relapsed leukemia...

Religion

He hopes to be a real Jew in time for Passover.

Leadership

Jews are disproportionately represented on the roster of the richest business people, with 10 Jews among the top 50 (20%), and 38 (19%) Jews...