News

Advanced Search

Lucara Sells 813ct. Rough Diamond for Record Price

May 9, 2016 6:43 AM   By Rapaport News
Email Email 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
© Copyright 1978-2018 by Martin Rapaport. All rights reserved. Index®, RapNet®, Rapaport®, PriceGrid™, Diamonds.Net™, and JNS®; are TradeMarks of Martin Rapaport.
While the information presented is from sources we believe reliable, we do not guarantee the accuracy or validity of any information presented by Rapaport or the views expressed by users of our internet service.