Largest diamond in 100 years sells for $53m

Largest diamond in 100 years sells for $53m”

A tennis ball-sized rough diamond unearthed almost two years ago by Canada's Lucara Diamond Corp has been sold for $53 million, the Vancouver-based company said on Monday.

Graff Diamonds founder Laurence Graff said: "The stone will tell us its story, it will dictate how it wants to be cut".

Lucara revealed it had originally hoped to sell the Lesedi La Rona for around $70m, but accepted Graff's bid as it topped any of the offers it received at the Sotheby's auction a year ago.

Graff had purchased a 373.72ct rough diamond earlier this year which was separated from the Lesedi la Rona during the recovery process.

Lucara found the diamond in November 2015 but struggled to find a buyer for the diamond - considered by some to be nearly too large for sale because equipment in the cutting and polishing industry to assess a diamond of that size did not exist.

The Lesedi La Rona, just smaller than a tennis ball, is second in size only to the Cullinan, a 3,106-carat gem found in South Africa in 1905. We took our time to find a buyer who would take the diamond through its next stage of evolution.

The Vancouver-based company, known for producing some of the world's biggest and best stones, unearthed the diamond at its Karowe mine in Botswana.

Lucara has said it agreed with the plans and they would have no impact on the company's financial position.

The 1,109-carat stone, which is said to be 2.5 to 3 billion years old, was bought by British diamond dealer Graff Diamonds for $47,777 per carat on Monday.

Like this


26 September 2017
North Korea considers Trump tweet declaration of war
Any accounts that engage in such behaviour may be removed or subject to temporary suspension , it says. On Sept. 23, Trump tweeted, "Just heard Foreign Minister of North Korea speak at U.N.

26 September 2017
Politics is not a movie: Tamil Nadu minister to Kamal Haasan
Is the chief minister's post some kind of a toy that can be purchased from the market . People should recognise and people should accept.

26 September 2017
Watch the bloody first trailer for Netflix's The Punisher
Despite the many teasers for the show, Netflix is holding off on revealing the series' release date . CinemaBlend suggested that the trailer's origin scene may have been just a dream sequence.

26 September 2017
Man found dead in suspicious circumstances in flat
And detectives have confirmed that there is an active investigation as the death of the man is bring treated as suspicious. The man has not yet been identified and his death is being treated as suspicious. "More details will be released shortly".

26 September 2017
Porsche Panamera Turbo S E-Hybrid Sport Turismo revealed
Despite the extra sheetmetal, the new Sport Turismo doesn't cost much more than the regular Turbo S E-Hybrid sedan. The rear bench holds space for two adults and a child, and can be folded electronically in a 40:20:40 split.

26 September 2017
Korean Foreign Minister: War on Korean Peninsula Unacceptable
In his first speech at the UN General Assembly on September 19, Trump threatened to "totally destroy" North Korea if necessary. In addition to the nuclear test, North Korea has launched dozens of missiles since Kim came to power in 2011.

26 September 2017
Three Israelis killed in shooting at West Bank crossing
Paramedics are treating 4 seriously wounded people for gunshot and knife wounds. Police later said the Palestinian had died of his wounds.

26 September 2017
Trump's New Travel Restrictions Add North Korea, Chad & Venezuela To The List
The Supreme Court has canceled arguments set for October 10 in the dispute over President Donald Trump's travel ban , after Mr. Sudan was removed from the original list after recent praise from U.S. officials for Khartoum's efforts in fighting terrorism.

26 September 2017
QUALCOMM Incorporated (QCOM) Position Lifted by NEXT Financial Group Inc
Shell Asset Mngmt accumulated 302,121 shares or 0.41% of the stock. 454,302 are held by Commonwealth Equity Inc. Since May 11, 2017, it had 1 buying transaction, and 4 selling transactions for $1.73 million activity.

26 September 2017
Diego Costa leaving Premier League winners Chelsea, will re-join Atletico Madrid
The 28-year-old striker played for Atletico in several stints, and more permanently from 2012 until moving to Chelsea . Everton reportedly offered more for Diego Costa , but were snubbed by the striker in favour of Atletico Madrid .