Reuters - Video

Edition: U.S. | U.K. | IN | CN | JP

Oddly Enough

Massive 1,1089 carat diamond unveiled

Wednesday, May 04, 2016 - 01:27

Sotheby's unveils a 1,109 carat, tennis ball-sized rough diamond that is estimated to be worth more than $70 million.

▲ Hide Transcript

View Transcript

ROUGH CUT (NO REPORTER NARRATION) STORY: The largest diamond discovered in more a century is unveiled at Sotheby's in New York. Named "Lesedi La Rona" - which means "Our Light" in the Setswana language - the 1,109 carat diamond is about the size of a tennis ball and will be up for auction in London on June 29th. Sotheby's expects the diamond to fetch more than $70 million (USD). A small Canadian diamond company, Lucara Diamond Corp, found the diamond in November at its mine in Botswana. "It's difficult to imagine, isn't it? It's the largest rough diamond discovered in the last 100 years. If you can imagine the number of places on this planet where diamonds are mined for the last 100 years, Australia, Canada, Russia, South Africa, Brazil, to name a few, this is the largest one in that 100 years. It really just soared off the scale of rare into something just, one off, it's just unique," said David Bennett, Sotheby's worldwide chairman of its international jewelry division. The diamond was found in an arid and sparsely-populated Southern African nation that relies heavily on diamond mining. The Type IIa diamond measures 65 millimeters by 56 mm by 40 mm. While the diamond is the largest ever recovered in more than 100 years, it is not the largest diamond ever found. The biggest gem-quality diamond ever found is the Cullinan diamond, a 3,106-carat stone found in the Premier mine in South Africa in 1905. It was cut into several polished gems, the two largest of which are part of Britain's crown jewels.

Press CTRL+C (Windows), CMD+C (Mac), or long-press the URL below on your mobile device to copy the code

Massive 1,1089 carat diamond unveiled

Wednesday, May 04, 2016 - 01:27