World`s largest uncut diamond fails to sell in London

The world`s biggest uncut diamond, Lucara Diamond Corp`s Lesedi la Rona gem, failed to sell at a Sotheby`s auction on Wednesday after bids fell short of the minimum reserve price, the company said.

London: The world`s biggest uncut diamond, Lucara Diamond Corp`s Lesedi la Rona gem, failed to sell at a Sotheby`s auction on Wednesday after bids fell short of the minimum reserve price, the company said.

As a result, Lucara will be "retaining" the massive 1,109-carat stone, it said in a statement. The tennis ball-sized gem was discovered by the Vancouver-based company in its Botswana mine last November.