A diamond dubbed “the diamond of a lifetime” is set to be auctioned at Sotheby’s auction house on June 29; it is expected to receive bids of $70 million or more.
Boasting 1,109 carats and tennis ball size, the diamond named Lesedi La Rona is the second largest diamond ever found and the largest found in over a century.
“The Lesedi la Rona is simply outstanding, and its discovery is the find of a lifetime. It is a huge honour for Sotheby’s to have been entrusted with its sale,” said David Bennett, chairman of Sotheby’s Jewellery Division. “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 Lesedi la Rona diamond was uncovered through a hard rock diamond mining process in Botswana, in the Karowe Mine on Nov. 16, 2015.
After discovery, Lucara Diamond launched a competition to name the rare gem. The winning name translates as “our light” from the Tswana language spoken in Botswana. The reason stated for the name was that “the diamond is a pride, a light and a hope for Botswana.”
Like most diamonds, formed due to the extreme heat and pressure that existed most prominently during the Earth’s own formation, Lesedi La Rona is quite old—thought to be two to three billion years.
