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Biggest Diamond in More Than Century Fails to Sell

Biggest Diamond in More Than Century Fails to Sell

The price tag for the biggest diamond found in more than 100 years fails to sell at Sotheby’s auction in London. The tennis ball sized diamond was unearthed in November in Botswana at a mine owned by Canada’s Lucara Diamond Corporation. It measured 1,109 carats, the 2nd largest gem quality rough diamond even discovered.

“It measured 1,109 carats, the 2nd largest gem quality rough diamond even discovered. “

~The Guardian

The diamond that’s called Lesedi la Rona or “our light” in Tswana language spoken in Botswana was expected to sell for about $86 million. Instead the highest bid of $61 million did not clear the so called reserve price at Sotheby’s auction, leaving it unsold.

Related Reports: Bloomberg, The Guardian

 

About Lucara Diamond Corporation

Lucara Diamond Corp. is a new diamond producer. It’s key asset is the Karowe Mine in Botswana. The 100% owned Karowe Mine is a newly constructed state-of-the-art mine which was fully commissioned in Q2 2012 . The Karowe Mine is a large scale asset with tonnage and throughput upside and production has consistently included large, Type IIA stones. Lucara is a member of the Lundin Group of Companies and is listed on the TSX Exchange, Nasdaq Stockholm and the Botswana Stock Exchange under the symbol “LUC”.

Visit: Lucara Diamond Corporation


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