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Swiss Jeweler Buys Rights to 404ct. Rough Diamond

May 9, 2016 10:29 AM   By Rapaport News
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RAPAPORT...
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
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