{"id":122465,"date":"2016-05-04T15:59:24","date_gmt":"2016-05-04T13:59:24","guid":{"rendered":"http:\/\/businesstech.co.za\/news\/?p=122465"},"modified":"2016-05-04T16:09:42","modified_gmt":"2016-05-04T14:09:42","slug":"southern-african-diamond-could-sell-for-r1-04-billion","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/wealth\/122465\/southern-african-diamond-could-sell-for-r1-04-billion\/","title":{"rendered":"Southern African diamond could sell for R1.04 billion"},"content":{"rendered":"<p>Sotheby&#8217;s auctioneer in London says that a diamond the size of a tennis ball may fetch up to $70 million (R1.04 billion) when it goes up for auction in June.<\/p>\n<p>The company said it will auction the 1,109 &#8211; carat \u201cLesedi la Rona\u201d diamond &#8211; the largest gem-quality rough diamond to be discovered in over a century, in a stand-alone sale<br \/>\nin London on 29 June 2016.<\/p>\n<p>&#8220;Estimated to\u00a0 achieve in excess of $70 million, the Lesedi la Rona (&#8216;Our Light&#8217; in the Tswana language spoken in Botswana) was uncovered by Lucara Diamond Corp in November 2015, at the Karowe mine in Botswana.<\/p>\n<p>&#8220;Around the size of a tennis ball (measuring approximately 66.4 x 55 x 42 mm), this\u00a0 colossal rough diamond of exceptional transparency and quality is around 2.5 to over 3 billion years old,&#8221; Sotheby&#8217;s said.<\/p>\n<p>In terms of its size, the rough diamond is exceeded only by the legendary Cullinan Diamond, mined in South Africa in 1905.<\/p>\n<p>The 3016.75-carat\u00a0 Cullinan Diamond produced nine major diamonds that are part of the\u00a0 historic Crown Jewels of the United Kingdom, including the Great Star of Africa \u2013 currently the largest top-quality polished diamond in existence, weighing 530.20 carats.<\/p>\n<p>The Lesedi la Rona could surpass the record price for a diamond of $48.5 million, paid by Hong Kong billionaire Joseph Lau at a Geneva sale last year for the 12.03-carat polished Blue Moon diamond.<\/p>\n<p>Lau wanted the diamond as a gift for his seven-year-old daughter.<\/p>\n<p><a  data-lightbox=\"post-image\" href=\"http:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2016\/05\/Diamond.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-122475\" src=\"http:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2016\/05\/Diamond.jpg\" alt=\"Diamond\" width=\"600\" height=\"492\" srcset=\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2016\/05\/Diamond.jpg 600w, https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2016\/05\/Diamond-300x246.jpg 300w\" sizes=\"auto, (max-width: 600px) 100vw, 600px\" \/><\/a><\/p>\n<p>&nbsp;<\/p>\n<h3 class=\"my-4\">More on diamonds<\/h3>\n<p><a href=\"http:\/\/businesstech.co.za\/news\/wealth\/110525\/the-biggest-diamonds-ever-found\/\" target=\"_blank\"><strong>The biggest diamonds ever found<\/strong><\/a><\/p>\n<p><a href=\"http:\/\/businesstech.co.za\/news\/wealth\/105287\/r854-million-for-the-biggest-diamond-in-100-years\/\" target=\"_blank\"><strong>R854 million for the biggest diamond in 100 years<\/strong><\/a><\/p>\n<p><a href=\"http:\/\/businesstech.co.za\/news\/wealth\/104675\/biggest-diamond-in-100-years-uncovered-in-botswana\/\" target=\"_blank\"><strong>Biggest diamond in 100 years uncovered in Botswana<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Sotheby\u2019s auctioneer in London says that a diamond the size of a tennis ball may fetch up to $70 million (R1.04 billion) when it goes up for auction in June.<\/p>\n","protected":false},"author":10,"featured_media":122467,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9880],"tags":[26,7325],"class_list":["post-122465","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-wealth","tag-headline","tag-sothebys"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/122465","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=122465"}],"version-history":[{"count":5,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/122465\/revisions"}],"predecessor-version":[{"id":122481,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/122465\/revisions\/122481"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/122467"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=122465"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=122465"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=122465"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}