Lesedi La Rona insured for P1.3bn

Lesedi La Rona auction takes place tomorrow in London
Lesedi La Rona auction takes place tomorrow in London

Lucara Diamond Corporation’s 1,109-carat diamond has been insured for $120 million (P1.3 billion), Global Mining Observer reported, citing unnamed sources in London.

Lesedi La Rona is expected to fetch more than $80 million at a Sotheby’s auction in London, U.K. on Wednesday (tomorrow).

While the $120 million figure may indicate how much the diamond could fetch at the upper end, these numbers tend to err on the side of caution, the report said.

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When power scorns accountability

While every citizen, including the Head of State, has the right to voice opinions, the tone and context of the President’s comments were regrettably dismissive and risk chilling free expression in our country. The remarks are not isolated. They form part of a disturbing pattern of public attacks on independent institutions pillars essential to the healthy functioning of our democracy. The Judiciary, the Legislature, and now the media have all...

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