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.

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...

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