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
Bravo, Matlala JSS for recognising employees!

Last Friday, Matlala Junior Secondary School (JSS) in Tlokweng did just that – they organised an event to honour their teachers and support staff. This gesture is truly commendable, as teachers occupy a pivotal role in the lives of our children.To be completely candid, teachers are the ones who shape our children from a very tender age, investing a significant amount of time in their growth and development. It's not uncommon to hear parents...

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