Record-Breaking 1190 Carat Diamond Ceases to Sell at AuctionPhoto: Getty for Sotheby'sThe world's largest uncut diamond sent media frenzy around the world if this was recently unveiled rolex fakes , watches with estimates it would fetch over $70 million at Sotheby's London. Yet, the 1,109 carat white diamond, which fits by the name Lesedi la Rona, diamond rolex watches failed to dazzle for the auction when the bidding stopped at a disappointing $61 million.The tennis ball-sized stone, whose name results in 'Our Light' in Setswana, is now by far the largest discovery in over the century. It is believed for being about 3 billion yrs . old.According to Sotheby's, the uncut diamond inside rough failed to satisfy the minimum acceptable bid, or even the reserve price, which remains unspecified because of the auction house."Every component of tonight's auction was unprecedented," said the auction house after bidding ended on Wednesday evening. "No one alive today has witnessed a gem-quality rough diamond of this incredible scale; no rough diamond of importance has ever previously been offered before at public auction; with no diamond polished or rough has have you ever been estimated only at that price range."For now, Lesedi la Rona is going to be retained by Lucara, said CEO William Lamb. As told to ABC News hours before the anticipated auction, Lamb had described a "best case scenario" whereby the rough diamond will be sold to someone who does display it with the museum as opposed to keeping it within their private collection.Indeed, using the goal to share the larger jewel with as wide a crowd as is possible, the Canadian mining company went contrary to the tradition of inviting sealed bids by wealthy dealers, instead listing it at a public auction.
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