Lucara weighs options over 1,758-carat wonder

Lucara Diamond Corporation is mulling over the best ways of marketing and selling its latest discovery, a 1,758-carat diamond that is amongst the largest found in history.

Two years ago the Canadian outfit sold its world-breaking tennis ball-sized Lesedi La Rona diamond to British Jeweller Graff Diamonds for $53 million.  The 1,109 carat uncut stone dug up at Karowe in Boteti sub district, had been expected to fetch far higher, given $70 million reserve price.

Lucara insiders at the time told BusinessWeek that industry villains had conspired to undercut Lesedi La Rona’s price to their benefit, staging an auction-floor ambush. This week, Lucara managing director, Naseem Lahri stressed that the importance of understanding the market would be key to selling the latest giant stone.

Editor's Comment
Congratulations Anicia Gaothuse!

The contest had 10 beautiful young girls as finalists and unfortunately only one could wear the crown.The judges picked Anicia Gaothuse. To all those who feel their contestant should have won ahead of Anicia for whatever reason, hardly; the judges found Anicia to be the best among the best, so desist from disrespecting our newly crowned queen on social media or anywhere else, for that matter! Each of the 10 beautiful young women had supporters...

Have a Story? Send Us a tip
arrow up