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World's Second-Largest Diamond Fails to Sell at Auction In London

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For Sotheby's in London on Wednesday, all that glitters unfortunately was not gold. Or diamond, for that matter. The auction house failed to find a buyer for the world's second largest diamond as none of the bidders met the undisclosed minimum price for the tennis ball-size gem. The 1,109-carat uncut stone, dubbed the Lesedi La Rona, will continue to be the property of Lucara Diamond Corp., the original seller. The highest bid was $61 million, much less than Sotheby's $70 million prediction. The uncut stone had been expected to break the record for most expensive diamond $57.5 million and most expensive rough gem $63 million. It was unearthed in November from Lucara Diamond's Karowe mine in Botswana and is the largest diamond discovered in the past century. http://www.nbcnews.com/news/world/world-s-second-largest-diamond-fails-sell-auction-n601446 http://www.wochit.com This video was produced by YT Wochit News using http://wochit.com