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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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https://www.youtube.com/watch?v=ecqy6G36I4g

“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!

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How to Maximize Your Chances of Being Approved for a Credit Card

Apply for a credit card with Bajaj Finserv to ensure strong security, enjoy a host of rewards and benefits and get up to Rs 55,000+ annual savings.

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Credit Card
Opt for a credit card that offers multiple benefits.

While you may see many credit card offers regularly, getting approved for one isn’t as easy. Maximising your chances of being approved begins way before the application stage and here are a few tips to help you:

Take your time to research

Jumping at the first credit card deal you see is often a mistake many make when they are starting out with a credit card. Just because a deal is advertised to you, doesn’t mean you will get approved.

Hence, you should take your time to assess three important things

  • Your requirements
  • The NBFC or bank
  • Terms offered by different issuers
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Another step towards digitizing India is Encouraging Digital Transactions by exempting service tax on Cards (Wikimedia commons)

Terms like interest rates, annual fees, and rewards and bonuses are essential features of every card, which you should carefully check and compare.

For example, the Bajaj Finserv RBL Bank Credit Card offers up to 20,000 reward points as a welcome gift as well as the possibility of earning reward points on every transaction you make. Free movie tickets and other benefits can be enjoyed every time you reach a milestone.

Check the eligibility criteria

Every financial institutions issuer has different credit card eligibility criteria, like age, income and credit history, which you should check thoroughly before applying. Skipping this step may result in rejection which is going to negatively affect your credit score and the chances of getting approved for any other card as well.

Review your credit score

The first thing any credit card issuer looks at when you apply for a card is your credit score. It’s on the basis of this that the lenders assess your financial behaviour and the degree of risk they face in issuing you a credit card.

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A person using credit card for transaction, Pixabay

You should request for a copy of your credit report before applying for a card so you can review it and see if your credit score is ideal. If not, then you should take the time to improve your credit score before applying for a card to increase your chances of approval, by applying for a lower category card, and making other payments as well on time.  

Lower your credit utilisation ratio

The credit utilisation ratio shows how much of your available credit you actually utilise against the total available limit. Having a ratio of 30% or less is advised by financial experts because having a higher ratio is an indicator of being credit-dependent. Hence, maintaining a low credit utilisation ratio is going to help you improve your chances of getting approved for a credit card.

Be careful with the details and the documents

While applying for a credit card, you will be required to provide a lot of information in your application including current and previous employment, salary, current debts, contact numbers and addresses among other things.

Make sure to be accurate with even the minutest of details and ensure to not miss out on any field because an incomplete application is grounds for rejection. The application usually requires several other documents which you must submit as per the issuer.

Credit Card
Every financial institutions issuer has different credit card eligibility criteria. Flickr

Apply for a credit card online and get instant approval with minimal annual and joining fees.

Ask your spouse to add you as an authorized user

If your spouse has good credit history, ask them to add you as an authorized user on their credit card. This is easy to do and will give your credit score a boost, increasing your chances of being approved for a credit card.

Things to note

In addition to the above tips, remember to pay of all your outstanding bills on any other credit cards you own, and steer clear of applying for multiple cards at once or within a short time period.

Instead, opt for a credit card that offers multiple benefits. For example, the Bajaj Finserv RBL Bank SuperCard is a card that gives you the power of 4 cards in 1. It’s a credit card, cash card, loan card and an EMI card, all rolled into one that provides industry-first features.

Also Read: Mobile Banking Becomes Main Personal Banking Channel In Singapore

Apply for a credit card with Bajaj Finserv to ensure strong security, enjoy a host of rewards and benefits and get up to Rs 55,000+ annual savings.

You can also avail easy financing by the way of pre-approved offers for a host of financial products. The pre-approved offers make the process of availing loans easier and quicker like never before.