Industry News by Nemesis

Lucara’s 813-Carat Diamond Achieves Highest Ever Price for Rough Stone at Auction

May 9, 2016

Lucara Diamond Corp has announced that an exceptional 812.77-carat Type IIa diamond recovered from its Karowe mine in Botswana has been sold for $63,111,111 or $77,649 per carat.

 

Lucara partnered with Nemesis International DMCC, and retains a 10-percent interest in the net profit received from the sale of the resultant polished diamonds. The two companies named the 813-carat stone “The Constellation.”

 

“The sale of the 813 carat diamond is the highest price ever achieved for a rough diamond, breaking all records,” said Lucara president and CEO William Lamb.

 

“This achievement solidifies our reputation in the jewelry industry as one of the most important sources of diamonds of the very highest quality. We look forward to the next stage of Lucara's development with the sale of the spectacular 1,109-carat, Lesedi La Rona diamond which will take place at Sotheby's London on June 29, 2016."

 

Source: Idex

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