Brexit impact on Diamond: unsold the biggest one in the world

Brexit effect even in the auction houses: the largest uncut diamond in the world (1,109 carats), as well as the second largest ever found, did not find an owner. "Lesedi La Rona" ( "Our Light") was discovered in November 2015 in a Canadian-owned mine in Botswana. As for greatness surpasses only the "Cullinan Diamond" found in 1905 in South Africa: one of the diamonds taken from it joined part of the British crown jewels.

The precious diamond was auctioned by the London office of Sotheby's; the required minimum was equal 70 million, but the highest bid came to "only" 61 million, however the auction infelcie outcome might not be an isolated case. The recent UK decision to exit from the EU could have spoiled the party at the auction house. The pound has lost about 10 percent of its value and this has led to a recent hearing, to ensure that the auction items were sold at a lower price than previso and that about 32 percent of artifacts remained unsold.