Rapaport News


Rough Markets

Rapaport Broadcast
Martin Rapaport’s Webinar on Estate Jewelry
October 30 2019

Advanced search
Latest Articles
Rough Markets
Polished Markets

Swiss Jeweler Buys Rights to 404ct. Rough Diamond

May 9, 2016 10:29 AM   By Rapaport News
Print Print Facebook Facebook Twitter Twitter Share Share

De Grisogono, a Swiss jeweler, acquired the rights to market a 404-carat rough diamond from Dubai-based trader Nemesis International, Bloomberg reported.

The stone was discovered at Lucapa Diamond Company’s Lulo mine in Angola, the report said, citing Nickolas Polak, a director of Nemesis International.

Polak declined to disclose a price, but in February Lucapa said it sold a 404-carat diamond for $16 million (AUD 22.5 million).

The stone is the world’s 27th-largest and should take six months to cut, the report said, citing Omar Chaoui, De Grisogono’s managing director for Middle East and India.
Tags: De Grisogono, Dubai, lucapa, Lucapa Diamond Company, Nemesis International, Rapaport News, Rough Diamonds, rough sale, Switzerland
Similar Articles
De Beers roughDe Beers Reduces Prices at November Sight
Nov 06, 2019
Sightholders welcomed De Beers’ decision to lower pricesat this week’s rough-diamond...
Cullinan Blue Could Fetch $15M, Analysts Say
CAR Announces Diamond-Buying Reforms

Call Us: 1-702-893-9400
Member License Agreement   RapNet Trading Rules & Code of Conduct    Privacy Policy  
twitter twitter
About Rapaport
Advertise with us