RapNet


Rapaport News

 

Rough Markets

 

Advanced search
Latest Articles
Videos
Features
News
Mining
Rough Markets
Polished Markets
Manufacturing
Retail

Lucara Sells 813ct. Rough Diamond for Record Price

May 9, 2016 6:43 AM   By Rapaport News
Print Print Facebook Facebook Twitter Twitter Share Share


RAPAPORT...
Lucara Diamond Corp. broke a world record for the sale of a rough diamond as an 812.77-carat stone from its Karowe mine in Botswana fetched $63.1 million.

Dubai-based Nemesis International DMCC paid $77,649 per carat for the rights to 90 percent of the stone, named ‘The Constellation.’ Lucara will retain a 10-percent interest in the net profit received from the sale of the resultant polished diamonds, the company said.

Lucara discovered the diamond in November alongside a 1,109-carat gem later labelled the Lesedi La Rona.

The sale comes ahead of the much-anticipated auction of the Lesedi La Rona at Sotheby’s London on June 29, which is expected to fetch upwards of $70 million.

“The sale of the 813-carat diamond is the highest price ever achieved for a rough diamond, breaking all records,” said William Lamb, Lucara’s president and chief executive officer. “We look forward to the next stage of Lucara's development with the sale of the spectacular 1,109 carat, Lesedi La Rona diamond.”

Image: Lucara Diamond Corp.
Tags: Dubai, lucara, Lucara Diamond Corp, mining, Nemesis International, Nemesis International DMCC, Rapaport News, rough sales, The Constellation
Similar Articles
Petra Diamonds Petra 424.89 carat and 209 caratPetra Diamonds Adds 2% Levy for Indian Clients
Aug 26, 2020
Petra Diamonds will charge Indian customers an additional 2% to cover a new...
India Calls for Inventory Caution
De Beers Cuts Prices at August Sight



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