The World’s Biggest Diamond Sells For S$72 Million

British jeweller, Graff, acquires a diamond weighing 1,109 carats, the largest found since 1905.

The largest uncut diamond discovered in over a century is around the size of a tennis ball. Unearthed in Botswana's Karowe mine in 2015, Canadian mining company Lucara Diamond sold the 1,109-carat gem to British jeweller Graff for US$53 million (S$72 million). The Lesedi La Rona, which means ‘our light’ in the Tswana language, went unsold after not meeting its reserve price of more than US$70 million at a Sotheby's auction in London last year.

Graff founder Laurence Graff said his company was "thrilled and honoured" to have acquired the diamond. So what does the jewel supplier have planned for the magnificent stone? Graff states: “Our highly skilled team of master craftsmen will draw on many years of experience of crafting the most important diamonds, working night and day to ensure that we do justice to this remarkable gift from Mother Nature. The stone will tell us its story, it will dictate how it wants to be cut, and we will take the utmost care to respect its exceptional properties.”

Graff announces the acquisition of the Lesedi La Rona
The 1109-carat Lesedi La Rona acquired by Graff
Lesedi La Rona 1109-carat rough diamond acquired by Graff
Lesedi La Rona acquired by Graff with loupe

Written by
Mei Anne is a wonderer but more so, she’s a wanderer. Her hands twitch to get ideas out while her feet itch for a new adventure. When she isn’t writing for Billionaire.com or planning her next trip, she enjoys a good sip — of coffee, tea, and other things. Follow her on Instagram (@meiannatee) to see if she’s still obsessed with window seats on a plane and jelly shoes.

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