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Canada's Lucara sells world's largest uncut diamond of century for $53 mn

It is the biggest gem quality diamond found in more than a century

IANS  |  Ottawa 

World's biggest diamond
A model displays the 1109 carat "Lesedi La Rona" diamond at Sotheby's in the Manhattan borough of New York | Photo: Reuters

The biggest found in more than a century has been sold for $53 million, Canada's Corp said.

The 1,109-carat stone, which is said to be 2.5 to 3 billion years old, was bought by British dealer for $47,777 per carat on Monday. It will now be cut and polished, said in a statement.

recovered the huge from Botswana's Karowe mine nearly two years ago. The seller named it "Lesedi La Rona", which means "Our Light" in Botswana's Tswana language.

It had originally hoped to get at least $70 million for the stone, describing it as the biggest gem quality found in more than a century, CBC News reported.

The price paid was an improvement on the highest bid received for the at a Sotheby's auction in June 2016, Chief Executive and President William Lamb said.

The new owner, Laurence Graff of Graff Diamonds, said becoming the "custodian" of the was the highlight of his career.

"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," he said.

The only larger previously unearthed was the 3,106-carat Cullinan Diamond, which was discovered in South Africa in 1905. The Cullinan was eventually cut into smaller stones, some of which are now part of British royal family's crown

First Published: Tue, September 26 2017. 17:05 IST