World Bulletin / News Desk
British jeweller Graff said Tuesday it has purchased the world's largest uncut diamond -- roughly the size of a tennis ball -- for $53 million (44.5 million euros).
"We are thrilled and honoured to become the new custodians of this incredible diamond," said company chairman, Laurence Graff, in a statement.
"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."
Lucara confirmed the hefty price tag in a statement issued in Vancouver.
"The discovery of the Lesedi La Rona was a company defining event for Lucara," said William Lamb, president and chief executive of Lucara.
"It solidified the amazing potential and rareness of the diamonds recovered at the Karowe mine."
The rough diamond had previously failed to meet its reserve price of more than $70 million at a Sotheby's auction in 2016.
Graff is already the owner of a 373-carat diamond, which was bought earlier this year and formed part of the original stone.
Lesedi La Rona means "our light" in Botswana's Tswana language. It could be cut into smaller gems for jewellery or left whole in a private collection.
Octennial excavations also discovered 2,500-year-old temple from Persian era in 2016
Zeynep Ikbal received Kairos Prize for her project over geometry and detailed drawings
Turkey’s Aegean resort town offers a premium holiday with its unique landscape and white summer houses
A small city in Japan is facing a ninja shortage as the town struggles with depopulation.
Tamer El Said’s In the Last Days of the City documents life in the Egyptian capital over 10 years, but authorities have refused him a permit to show it
Director of museum in Yozgat says fossil belonging to mammoth found for first time in city
Gobeklitepe has recently been added to UNESCO's World Heritage List
France play Croatia in the World Cup final at Moscow's Luzhniki Stadium on Sunday. Here is each team's path to the showpiece match.
Grammy award-winning singer set to perform at Vodafone Park as part of her 6th world tour 'El Dorado'
Now the house lies in ruins, like dozens of others in the "City of Stone", defined by its castle, steep cobblestone roads and silvery-coloured limestone structures with views of the Drino Valley near the border with Greece.
Nemrut Caldera in eastern Turkey offers breathtaking views to visitors
Site in Sanlirufa province known as world's oldest temple
Buses are symbol of good relations Bosnia-Herzegovina and Turkey, says Turkish envoy
Mexican children living in rural areas will be able to access information through digital libraries, TIKA says
Yunus Emre Institute (YEE) offers Turkish language teaching certificate program for foreigners
Turkey’s biggest library to open in Istanbul with capacity of 7 million books