NEW YORK: “Lesedi la Rona,” the largest gem-quality rough diamond discovered in more than 100 years, will be auctioned in London next month and is expected to sell for $70 million, international auction house Sotheby’s said on Wednesday.
Ahead of the auction on June 29, the 1,190-carat diamond, its name in Botswana’s Tswana language translates as “Our Light,” was on display at Sotheby’s New York headquarters.
David Bennett, worldwide chairman of Sotheby’s jewelry division, said the size of the Lesedi la Rona amazed experts.
“It really just soared off the scale of rare into something just, one off, it’s just unique,” he said.
Unearthed in Botswana in November 2015 by Canadian mining company Lucara Diamond Corp., the gigantic gem is about the size of a tennis ball and is believed to be between 2.5 billion to more than three billion years old.
The Lesedi La Rona’s color and transparency are typical of a rare and coveted subgroup called Type IIa diamonds, according to a study by the Gemological Institute of America.
Bennett said it was second only in size to the Cullinan Diamond, which was discovered in 1905 in South Africa and weighed more than 3,000 carats. The Cullinan Diamond was later cut into several smaller stones.
The reputation of diamonds mined in Africa has been tarnished in recent decades by rebels in strife-torn countries who forced people to mine them and then sold the so-called “blood diamonds” to raise money to buy arms.
But the Kimberley Process Certification System, a United Nations-backed program that was set up in 2002 following devastating civil wars in Angola, Sierra Leone and Liberia, has made trafficking in conflict diamonds much more difficult.
Sotheby’s said independent reports by experts showed the Lesedi la Rona could have the potential to yield the largest, top-quality diamond ever seen once it has been cut and polished.
“It’s worthwhile for people to come and look at it because you probably won’t be seeing it again in two or three year’s time,” Bennett said. “It may very well be cut up into all these wonderful famous stones.”
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World’s biggest diamond to be auctioned in London
World’s biggest diamond to be auctioned in London
Russia pledges support for Venezuela against US ‘hostilities’
- Russian foreign minister expresses 'solidarity with the Venezuelan leadership and people'
- US has seized two oil tankers linked to the country and is pursuing a third
CARACUS: Russia on Monday expressed “full support” for Venezuela as the South American country confronts a blockade of sanctioned oil tankers by US forces deployed in the Caribbean.
The pledge from Moscow, itself embroiled in the war in Ukraine, came on the eve of a UN Security Council (UNSC) meeting Tuesday to discuss the mounting crisis between Caracas and Washington.
In a phone call, the foreign ministers of the allied nations blasted the US actions, which have included strikes on alleged drug-trafficking boats and more recently the seizure of two oil tankers.
A third ship was being pursued, a US official told AFP on Sunday.
“The ministers expressed their deep concern over the escalation of Washington’s actions in the Caribbean Sea, which could have serious consequences for the region and threaten international shipping,” the Russian foreign ministry said of the call between Sergei Lavrov and Venezuelan counterpart Yvan Gil.
“The Russian side reaffirmed its full support for and solidarity with the Venezuelan leadership and people in the current context,” it added in a statement.
US forces have since September launched strikes on boats that Washington claims, without providing evidence, were trafficking drugs in the Caribbean and eastern Pacific Ocean.
More than 100 people have been killed — some of them fishermen, according to their families and governments.
US President Donald Trump on December 16 also announced a blockade of “sanctioned oil vessels” sailing to and from Venezuela.
Trump claims Caracas under President Nicolas Maduro is using oil money to finance “drug terrorism, human trafficking, murder and kidnapping.”
He has also accused Venezuela of taking “all of our oil” — in an apparent reference to the country’s nationalization of the petroleum sector, and said: “we want it back.”
Caracas, in turn, fears Washington is seeking regime change, and has accused Washington of “international piracy.”
Moscow’s statement said Lavrov and Gil agreed in their call to “coordinate their actions on the international stage, particularly at the UN, in order to ensure respect for state sovereignty and non-interference in internal affairs.”
Russia and China, another Venezuela ally, backed Caracas’s request for a UNSC meeting to discuss what it called “the ongoing US aggression.”
- Russia’s ‘hands full’ -
On Telegram, Venezuela’s Gil said he and Lavrov had discussed “the aggressions and flagrant violations of international law being perpetrated in the Caribbean: attacks on vessels, extrajudicial executions, and illicit acts of piracy carried out by the United States government.”
Gil said Lavrov had affirmed Moscow’s “full support in the face of hostilities against our country.”
Last week, US Secretary of State Marco Rubio brushed aside Moscow’s stated support for Caracas.
Washington, he said, was “not concerned about an escalation with Russia with regards to Venezuela” as “they have their hands full in Ukraine.”
US-Russia relations have soured in recent weeks as Trump has voiced frustration with Moscow over the lack of a resolution to the Ukraine war.
Gil on Monday also read a letter on state TV, signed by Maduro and addressed to UN member nations, warning the US blockade “will affect the supply of oil and energy” globally.
The pledge from Moscow, itself embroiled in the war in Ukraine, came on the eve of a UN Security Council (UNSC) meeting Tuesday to discuss the mounting crisis between Caracas and Washington.
In a phone call, the foreign ministers of the allied nations blasted the US actions, which have included strikes on alleged drug-trafficking boats and more recently the seizure of two oil tankers.
A third ship was being pursued, a US official told AFP on Sunday.
“The ministers expressed their deep concern over the escalation of Washington’s actions in the Caribbean Sea, which could have serious consequences for the region and threaten international shipping,” the Russian foreign ministry said of the call between Sergei Lavrov and Venezuelan counterpart Yvan Gil.
“The Russian side reaffirmed its full support for and solidarity with the Venezuelan leadership and people in the current context,” it added in a statement.
US forces have since September launched strikes on boats that Washington claims, without providing evidence, were trafficking drugs in the Caribbean and eastern Pacific Ocean.
More than 100 people have been killed — some of them fishermen, according to their families and governments.
US President Donald Trump on December 16 also announced a blockade of “sanctioned oil vessels” sailing to and from Venezuela.
Trump claims Caracas under President Nicolas Maduro is using oil money to finance “drug terrorism, human trafficking, murder and kidnapping.”
He has also accused Venezuela of taking “all of our oil” — in an apparent reference to the country’s nationalization of the petroleum sector, and said: “we want it back.”
Caracas, in turn, fears Washington is seeking regime change, and has accused Washington of “international piracy.”
Moscow’s statement said Lavrov and Gil agreed in their call to “coordinate their actions on the international stage, particularly at the UN, in order to ensure respect for state sovereignty and non-interference in internal affairs.”
Russia and China, another Venezuela ally, backed Caracas’s request for a UNSC meeting to discuss what it called “the ongoing US aggression.”
- Russia’s ‘hands full’ -
On Telegram, Venezuela’s Gil said he and Lavrov had discussed “the aggressions and flagrant violations of international law being perpetrated in the Caribbean: attacks on vessels, extrajudicial executions, and illicit acts of piracy carried out by the United States government.”
Gil said Lavrov had affirmed Moscow’s “full support in the face of hostilities against our country.”
Last week, US Secretary of State Marco Rubio brushed aside Moscow’s stated support for Caracas.
Washington, he said, was “not concerned about an escalation with Russia with regards to Venezuela” as “they have their hands full in Ukraine.”
US-Russia relations have soured in recent weeks as Trump has voiced frustration with Moscow over the lack of a resolution to the Ukraine war.
Gil on Monday also read a letter on state TV, signed by Maduro and addressed to UN member nations, warning the US blockade “will affect the supply of oil and energy” globally.
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