Sontheby’s Auction

World’s Largest Uncut Diamond Fails to Sell at Sotheby’s Auction

After much admiration and anticipation, the world’s largest uncut diamond failed to sell at a public auction Wednesday night. The 1,109 carat white diamond did not meet the minimum reserve price, which was not specified by Sotheby’s auction house in London. The rough stone was expected to fetch at least $70 million, but the bidding stopped at $61 million, Sotheby’s…