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Diamond the Size of a Tennis Ball Could Sell for $70 Million - ASHARQ AL-AWSAT English Archive
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A 3-billion-year-old diamond the size of a tennis ball — the largest discovered in over a century — could fetch more than $70 million, auctioneer Sotheby’s said Wednesday.

The Lesedi la Rona diamond was unearthed in November in Botswana at a mine owned by Canada’s Lucara Diamond Corporation.

It measured 1,109 carats, the second-largest gem-quality rough diamond ever discovered. Its name means “our light” in the Tswana language of southern Africa.

The auction house is planning to offer this long-lived rock in London on June 29.

The auctioneer said the rough gemstone “of exceptional transparency” could yield the largest top-quality diamond ever cut and polished.

David Bennett, chairman of Sotheby’s jewelry division, called the discovery “the find of a lifetime” and the auction 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,” he said.

The largest diamond ever found was the 3,106-carat Cullinan diamond, unearthed in South Africa in 1905. It was cut into nine pieces that form part of the U.K. Crown Jewels.

The Lesedi la Rona could smash the record price for a diamond of $48.5 million, paid at a Geneva sale last year for the 12.03-carat polished “Blue Moon” diamond. Hong Kong billionaire Joseph Lau picked it up as a gift for his 7-year-old daughter.

Asharq Al-Awsat English

Asharq Al-Awsat English

Asharq Al-Awsat is the world’s premier pan-Arab daily newspaper, printed simultaneously each day on four continents in 14 cities. Launched in London in 1978, Asharq Al-Awsat has established itself as the decisive publication on pan-Arab and international affairs, offering its readers in-depth analysis and exclusive editorials, as well as the most comprehensive coverage of the entire Arab world.

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