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Canadian miner's tennis ball-sized 'diamond in the rough' proves too big to sell

from Financial Post

In the mysterious world of diamond mining, it turns out that some stones are too big to sell. Canada's Lucara Diamond will have to cut its tennis ball-sized rough diamond to find a buyer, industry insiders say, following Sotheby's failed auction for the world's largest uncut stone last summer. It's not the ending that William Lamb wanted for his 1,109-carat stone, named "Lesedi La Rona," or "Our Light" in the national language of Botswana where it was mined. "It's only the second stone recovered in the history of humanity over 1,000 carats. Why would you want to polish it?" said Lucara's chief executive. more


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