The world's second greatest precious stone has another name: "Lesedi La Rona."
It signifies "Our Light" in Setswana, the national dialect of Botswana, the southern African country where the 1,111 carat stone was found in November.
The Canadian company that owns the diamond, called it the biggest diamond found in more than 100 years. The discovery sent the company's shares soaring.
Lucara ran a public competition to find a perfect name for the stone. It picked "Lesedi La Rona" from more than 11,000 entries it received. It even hired Ernst & Young to ensure transparency of the naming process.
"Lesedi La Rona" symbolizes the pride and history of the general population of Botswana," William Lamb, the CEO of Lucara said. "The overflowing of pride and patriotism appeared by every one of the members in the challenge was unbelievable."
The cost of the precious stone has not been set yet. That is on account of it is large to the point that it doesn't fit into traditional scanners used to assess a stone's potential worth.
Sheep said the organization got one email offering $40 million, and a few experts have evaluated it to be worth about $66 million.
The largest diamond was the 3,106 carat "Cullinan Diamond" found in South Africa in 1905. From that was cut the "First Star of Africa," which now adorns the Royal Scepter -- one of the British crown jewels now on display at the Tower of London.
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