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World’s Largest Diamond – Which Is the Size of a Tennis Ball – to Be Auctioned This Summer

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Sotheby’s expects it to sell for more than $70 million.

The world’s largest diamond in existence today will soon hit the auction block when Sotheby’s offers up the massive stone to the highest bidder in London on June 29, the New York Daily News reports. The article says that the tennis ball-sized diamond was discovered last November in Botswana by Canada’s Lucara Diamond Corporation, measuring 1,109 carats to become the second-largest rough diamond ever found. (The largest was a 3,106-carat diamond that was unearthed in South Africa in 1905 and later cut into nine pieces.) Sotheby’s expects the diamond to sell for more than $70 million.

Read more at the New York Daily News

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You Wouldn’t Cut Your Own Hair. Why Run Your Own Retirement Sale?

After being in business for over a quarter of a century, Wayne Reid, owner of Wayne Jewelers in Wayne, Pennsylvania, decided it was time for a little “me time.” He says, “I’ve reached a point in my life where it’s time to slow down, enjoy a lot of things outside of the jewelry industry. It just seemed to be the right time.” He chose Wilkerson to handle his retirement sale because of their reputation and results. With financial goals exceeded, Reid says he made the right choice selecting Wilkerson to handle the sale. “They made every effort to push our jewelry to the forefront of the showcases,” he says, lauding Wilkerson for their finesse and expertise. Would he recommend them to other jewelers who want to make room for new merchandise, expand their business or like him, decide to call it a day? Absolutely he says, equating trying to do this kind of sale with cutting your own hair. “The results are going to happen but not as well as if you have a professional like Wilkerson do the job for you.”

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