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$70 million diamond – Lesedi la Rona

The diamond is about the size of a tennis ball. It measures 65 millimeters by 56 millimeters by 40 millimeters

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One of the world’s largest brokers of fine arts and jewelry is preparing to sell the largest gem-quality diamond found in more than a century.

Sotheby’s auction house showed off the diamond last weekend at the company’s New York City headquarters. The term gem-quality means it can be made into jewelry.

The diamond is believed to be about three billion years old. It was discovered at a mine in Botswana last November. The mine is owned by a Canadian company.

The diamond is about the size of a tennis ball. It measures 65 millimeters by 56 millimeters by 40 millimeters. Experts say the diamond has 1,109 carats.

Sotheby’s will be accepting offers for the diamond at an auction in London at the end of June. Experts believe someone will pay at least $70 million for it.

David Bennett is the head of Sotheby’s jewelry division.

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“And it’s a simply dramatically beautiful stone. I mean it’s unbelievable. Just look at it. It’s an extraordinary thing. The sheer size is difficult to comprehend.”

The diamond has been named “Lesedi la Rona.” That means “our light” in the national language of Botswana.

Related articleIndia says British Queen should keep its Koh-i-Noor

To the untrained eye, the lovely big jewel looks like something you might show off. The diamond is of the very highest quality, and light can shine through it. Experts praise rough diamonds such as this one for their natural beauty. Yet it could become the largest top-quality diamond ever to be cut and polished.

This stone is just amazing. You can imagine the extraordinary stones that can be cut off out it.

The Lesedi la Rona is not the biggest gem-quality diamond ever found. The Cullinan diamond, discovered in South Africa in 1905, was 3,106 carats — almost three times larger. It was cut into nine pieces. The largest piece is part of Britain’s crown jewels. (VOA)

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  • Akanksha Sharma

    THREE BILLION YEARS OLD 😮

  • Vrushali Mahajan

    Three billion years and $70 million is a huge amount!

Next Story

GES 2017 : Ivanka Trump in Hyderabad charms the women centric Global Entrepreneurship Summit co-hosted by India and United States

Being invited by Prime Minister Modi, Ivanka Trump is in Hyderabad for GES 2017. The event is focused on women entrepreneurs from all across the globe, this is the first time GES is being held in South Asian country

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Ivanka Trump visited India for GES 2017
Ivanka Trump in Hyderabad (VOA)
  • Praising Prime Minister Narendra Modi at GES 2017, Ivanka Trump said,”from your childhood selling tea to becoming PM, you’ve proven that transformational change is possible.”

  • Prime Minister Modi emphasising on bilateral relations said,”the GES 2017 event not only connects the Silicon Valley with Hyderabad but also showcases the close ties between the US and India.”

Ivanka Trump, daughter and adviser to US President Donald Trump arrived Hyderabad to attend Global Entrepreneurship Summit, GES 2017 co-hosted by India and the United States. The three-day summit, from November 28-30, is being held at the Hyderabad International Convention Centre (HICC) and Hyderabad International Trade Expositions (Hitex).

Ivanka Trump in Hyderabad
Ivanka Trump, daughter of U.S. President Donald Trump, speaks during the Global Entrepreneurship Summit (VOA)

Ms Ivanka Trump is leading a delegation of senior White House officials and American entrepreneurs. The theme of this year’s summit is ‘Women First, Prosperity for All’ and will include 1,200 young entrepreneurs from different parts of the world, mostly women.

“I encourage everyone here to come together, learn from each other and find new ways to lift barriers in our society so that women are free to innovate, empowered to succeed and able to leave our children a brighter future,” Ivanka Trump told delegates in the event’s opening speech Tuesday.

Ivanka’s appearance with Modi at the opening of GES 2017 was preceded by a bilateral meeting which the Prime Minister Modi described as “wonderful”, before they went out to meet entrepreneurs who showcased their work for presentation. Being women centric event, two of the India’s most powerful women External affairs minister Sushma Swaraj and Defense minister Nirmala Sitharaman were also present.

GES 2017 : Ivanka Trump in India
Ivanka Trump with Prime Minister Modi (Narendra Modi Twitter)

The summit began with cultural events showcasing India’s rich culture. This year’s summit theme clearly demonstrated the commitment of the India and United states to the principle that when women are economically empowered, their communities and countries thrive. India is one of the country where women are at highest pedestals in social and professional life.

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Ivanka also gave credit to the Modi government for lifting 130 million people out of poverty. “Women still face steep obstacles in starting, owning and growing their businesses. We must ensure women entrepreneurs have access to capital, access to networks and mentors,” Ivanka said to loud cheers from a packed enthusiastic audience.

Ivanka’s visit also affirms that the Trump administration sees India as a major strategic partner in south asia and wants to engage with India more. Growing trade and business between India and United States sends a strong signal to the world.

by SHAURYA RITWIK, Shaurya is Sub-Editor at NewsGram and writes on Geo-politcs, Culture, Indology and Business. Twitter Handle – @shauryaritwik