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Largest uncut diamond fails to sell


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LONDON, June 29 (UPI) -- The world's largest uncut diamond has not sold at a London auction.

The Lesedi La Rona diamond, expected to sell for more than $ 70 million, fell notably short of the Sotheby's minimum reserve price. The auction was the first time such a large, rough diamond has been put on public sale.

The diamond is the size of a tennis ball and weights in at 1,109 carats. The gem was discovered in Lucara Diamond Corp's Karowe mine in Botswana last November and estimated to be more 2.5 billion years old.

Read more on UPI

Hmmm... there seems to be no market for big hunks of cristalized carbon you cannot wear on your finger...who wudda thunk!....

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Obviously the Kardashians were not at the auction...  "Oooo! Daddy buy it for me I have to have that on a ring!..."

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4 minutes ago, Taun said:

Obviously the Kardashians were not at the auction...  "Oooo! Daddy buy it for me I have to have that on a ring!..."

Or they were just short on pocket money.

 

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