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
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Well-wishers gathered at the Sir Seretse Khama International Airport to bid our queen farewell and wish her success as she joins other beauties from around the globe for the coveted crown. Competing in such events is nerve-wracking, and one needs to be fully prepared to stand a chance of making it as a finalist.It is not just about physical fitness; mental state matters too. Unfortunately, sometimes our queens end up facing such fierce...

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