World`s largest uncut diamond fails to sell in London

The world`s biggest uncut diamond, Lucara Diamond Corp`s Lesedi la Rona gem, failed to sell at a Sotheby`s auction on Wednesday after bids fell short of the minimum reserve price, the company said.

London: The world`s biggest uncut diamond, Lucara Diamond Corp`s Lesedi la Rona gem, failed to sell at a Sotheby`s auction on Wednesday after bids fell short of the minimum reserve price, the company said.

As a result, Lucara will be "retaining" the massive 1,109-carat stone, it said in a statement. The tennis ball-sized gem was discovered by the Vancouver-based company in its Botswana mine last November.

Zee News App: Read latest news of India and world, bollywood news, business updates, cricket scores, etc. Download the Zee news app now to keep up with daily breaking news and live news event coverage.