Big diamond failed to sell at auction “Sotheby’s” in London Wednesday, may, result, quarter, and month jitters.

The highest figure in directing 1,109-carat stone Lesedi La Rona $61 million, below the minimum prices. Sotheby’s estimated the diamond would sell for $ 70 million, making it the most expensive ever sold at auction.

“Unfortunately, Lesedi La Rona was sold, but it’s a great stone, and he will go down in history as one of the greatest gems ever discovered,” Sotheby’s said in a statement.

The record at auction of diamonds has been made in the past month when 14.62-carat Oppenheimer blue sold for 57.5 million dollars at auction Christie’s.

Lesedi La Rona the size of a tennis ball. When it was discovered in November from the Karowe mine lucara Diamonds in Botswana was the largest diamond discovered more than 100 years and second largest ever.

His sales would have been unusual because it was about rough diamonds, not cut stones. As a rule, diamond, carved in stone before the sale.

But the canadian company lucara diamond wanted to sell diamond directly for a wealthy buyer to capitalise on the current high price of precious stone. That includes the sale of Oppenheimer blue in may, and 15.38-carat pink diamond, which went for a record 31.6 million dollars a day.

Pari, however, does not pay off. Stocks and financial assets have been volatile, especially after last week, quarter, and month a vote.

In anticipation of Sotheby’s David Bennett called the diamond find in life.

Source: CNBC.COM

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