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In the mysterious world of diamond mining, it turns out that some stones really are too big to sell. Canada's Lucara Diamond Corp. 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.Bidding for the 2.5 to 3 billion-year-old stone stalled at $61 million – short of the $70 million reserve.To be sure, Lucara has seen other benefits from the stone, independent diamond analyst Paul Zimnisky said.Lamb, a former De Beers executive, says it's unlikely Lucara can sell the stone for its desired price and polishing the Lesedi itself is risky.Lucara, which installed a large diamond recovery machine, using X-ray transmission sensors (XRT), recovered the Lesedi, an 813-carat and 374-carat stone over two days.A Dubai trading company paid a record $63 million for Lucara's 813-carat "Constellation," while Graff bought the 374-carat stone for $17.5 million.
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