24 Aug 2019
DiamondWorld Directory
Home |
News
Home
World’s largest diamond sold for US$53 million to Graff Diamonds
Lucara’s historic 1,109 carat Lesedi La Rona was recovered from the Karowe mine in Botswana in November 2015
By: Diamond World News Service
|
Sep 26 2017 12:32PM
|
Reference: 15637  

DecreaseIncrease
Lesedi La Rona
Lesedi La Rona

Lucara Diamond Corp. (TSX:LUC)(BOTSWANA:LUC)(NASDAQ OMX Stockholm:LUC) ("Lucara" or the "Company") yesterday announced that the historic 1,109 carat Lesedi La Rona recovered from the Karowe mine in Botswana in November 2015 (see news release dated November 19, 2015) has been sold for US$53 million (US$47,777 per carat) to Graff Diamonds.

Laurence Graff comments, "We are thrilled and honoured to become the new custodians of this incredible diamond. The stone will tell us its story, it will dictate how it wants to be cut, and we will take the utmost care to respect its exceptional properties. This is a momentous day in my career, and I am privileged to be given the opportunity to honour the magnificent natural beauty of the Lesedi La Rona."

William Lamb, President and CEO, comments, "The discovery of the Lesedi La Rona was a company defining event for Lucara. It solidified the amazing potential and rareness of the diamonds recovered at the Karowe mine. We took our time to find a buyer who would take the diamond through its next stage of evolution. The price paid is also an improvement on the highest bid received at the Sotheby's auction in June 2016. Graff Diamonds is now the owner of the Lesedi La Rona as well as the 373 carat diamond, purchased earlier this year, which formed part of the original stone. We are excited to follow these diamonds through the next stage of their journey."

Have Your Say
* Your view
* Name:
* Email:
* Town/city:
* Country/State:
Advertisement
HouseAd_Trade Fair
Search News by City
Advertisement
Kosher 23460
Advertisement
Kosher 23460
Recent Issue
2019
AVAILABLE NOW...!
Advertisement
Kosher 23460
News in Pictures
Videos
Stunning Jewellery from Cannes 2019
Pictures: 24
Sparkly Jewels at Oscars 2019
Pictures: 19
Golden Globes 2018
Pictures: 15
Spotted: Who Wore What (December 2018)
Pictures: 4
India Diamond Week
Pictures: 8
Spotted: Who Wore What (October 2018)
Pictures: 7
Spotted: Who Wore What (September 2018)
Pictures: 6
70th Emmy Awards
Pictures: 11
35th India International Jewellery Show 2018
Pictures: 46
Spotted: Who Wore What (August 2018)
Pictures: 4
JJS - IJ Jewellers Choice Design Awards 2015 powered by GIA
Views: 16669
GJEPC Chairman Interview
Views: 15463
IJ Jewellers Choice Design Awards 2012 - Part 1
Views: 22318
Promo for IJ Awards 2012 at NDTV Profit
Views: 35153
IJ Jewellers Choice Design Awards 2012- Part 2
Views: 38578
Couture India 2016 - A Business Boutique Show by IJ Magazine
Views: 12851
Savjibhai Dholakiya, Surat Businessman (Diamond Merchant) speaks in Vibrant 2015
Views: 36598
IJ Jewellers Choice Design Awards 2013 - NDTV Video
Views: 34568
Advertisement
KGK_Antwepr
Advertisement
M.Tarun
Member of:
Supporter of: