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World's second-largest diamond fails to sell

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Sotheby's yesterday failed to find a buyer for the world's second-biggest diamond.

The 1,109-carat uncut stone, dubbed the Lesedi La Rona, was expected to fetch at least $70 million.

There were some bidders, but none hit the undisclosed minimum price set by the seller, Lucara Diamond Corp.

Read more from CNNMoney.

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