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World's second-biggest diamond sells for $53M

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The world's second-biggest diamond has a buyer after failing to sell last year at a Sotheby's auction.

The  1,109-carat uncut stone went for $53 million in a prvate sale to luxury jeweler Graff Diamonds.

Canada's Lucara sold the diamond after recovering it nearly two years ago from Botswana's Karowe mine.

Read more from CNNMoney.

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