A diamond, known as the largest to have been discovered in a century, is all set to be sold for more than $102 million. The Lesedi la Rona, translating to “Our Light,” was found in Botswana, Africa, last year, and will be auctioned in London on June 29. It is estimated to be 3 billion years old, weighs a whopping 1,109 carats and is the size of a tennis ball.
In November 2015, the Lucara Diamond Corp discovered the precious stone at its Karowe mine in Botswana and apparently nothing of its size and quality has been found in around 100 years.
“The Lesedi la Rona is simply outstanding and its discovery is the find of a lifetime. It is a huge honor for Sotheby's to have been entrusted with its sale,” said David Bennett, worldwide chairman of Sotheby's jewelry division. Sotheby’s London is responsible for selling the diamond.
The upcoming auction is surely a once-in-a-lifetime opportunity to show the world a unique and extraordinary diamond. Apparently, 55 percent of the proceeds from the sale will go to the Botswana government while 5 percent will be used for the benefit of local communities.
Whether the buyer will purchase the diamond to be further cut or to keep it as it is remains an unanswered question, until the auction actually takes place.
Diamond cutters have claimed that the Lesedi la Rona could yield a 400-carat, D-color, cushion-cut diamond and therefore know it has great potential to be sold for a high price.