Uncut 1,109 carat diamond from Botswana mine retails for $53 million

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The historic 1,109 carat diamond, which is the world’s second-biggest diamond after the 3,106-carat Cullinan Diamond, was found in 2015 from Karowe mine in Botswana and the diamond recently went on sale for $53 million to Graff Diamonds, a luxury jeweler.

The uncut diamond was named Lesedi La Rona, which roughly translates to ‘Our Light’ in the native Tswana language, it had earlier failed to sell last year at an auction in Sotheby.

The Lucara Diamond Corp. reported the sale on Monday and stated the price it sold for was an upgrade from the highest offer that was received during the Sotheby’s auction in June of last year.

The U.K. – based Company Graff Diamonds in a statement declared they were very excited and privileged to become the new caretaker of Lesedi La Rona.

“The stone will tell us its story, it will dictate how it wants to be cut, and we will take the utmost care to respect its exceptional properties,” Founder of Graff Diamonds Laurence Graff stated.

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