Lucara sells tennis-ball sized diamond for $65.6 million

The 813-carat Constellation was also sold in May 2016 for US$63.1 million

A Vancouver-based mining company has sold a tennis ball-sized diamond to a luxury jeweller for US$53 million, or about C$65.6 million.

The 1,109-carat Lesedi La Rona rough stone is reputed to be one of the largest gem-quality diamonds ever discovered.

Lucara Diamond Corp. (TSX:LUC) says the price was above the highest bid attracted at an auction in June 2016. But it was below a Southeby’s estimate of US$70 million before last year auction.

It was also less than fetched by a smaller diamond, the 813-carat Constellation, that Lucara sold in May 2016 for US$63.1 million — about C$78.3 million at current exchange rates.

Diamond merchant Laurence Graff says the natural beauty of the Lesedi La Rona will be respected when the rough stone is cut.

“The stone will tell us its story, it will dictate how it wants to be cut, and we will take the utmost care to respect its exceptional properties,” Graff said in a joint statement issued with Lucara.

The Canadian Press

Like us on Facebook and follow us on Twitter.

Just Posted

VIDEO: Man extracted from vehicle eight hours after accident near Cameron Lake

People making pit stop at picnic area made crash discovery

Parksville man arrested in relation to Mercedes, motorcycle fight

RCMP recommend assault charge for man driving Mercedes

Risk of thunderstorm this afternoon for Vancouver Island and Lower Mainland

A special weather statement calls for heavy rain and wind over the next 48 hours

BC lawn bowlers clinch national pairs title

Despite rain, QB club calls Canadian event a success

Guitarist explores beyond borders of genre, countries, music, coming to Qualicum Beach

Globetrotting Jesse Cook touring Island, performing in Qualicum Beach Sept. 27

VIDEO: Neighbours fear impact of B.C. tent city residents

Greater Victoria residents opposed to campers voice concerns at provincial campground

Browns beat streak, win first NFL game in 635 days

Baker Mayfield erased any doubts about why the Browns selected him with the No. 1 overall pick

New silver collector coin features Indigenous dancer

New silver collectors coin captures fast-paced energy of an Indigenous powwow

VIDEO: Replica Haida totem pole raised at B.C. park

‘Reconciliation ceremony’ will include SFN leaders, provincial politicians

B.C. woman with autism has scooter stolen from SkyTrain station

Kayla Polege purchased scooter after ‘shutdowns’ on transit

Off Nova Scotia, a bid to ‘unravel the mystery’ of great white sharks

The question: Is Nova Scotia the second mating site for Atlantic white sharks, something scientists say could be key to protecting the endangered species.

Man arrested after carjacking, collision, pepper spray attacks in Vancouver

Vancouver police say one man is in custody after a chaotic scene of events in the downtown core

Canadian investigator says World Anti-Doping Agency got a bad deal from Russia

A Canadian lawyer says the World Anti-Doping Agency rushed into accepting a bad deal by reinstating the country’s drug-testing program.

Fashion Fridays: Rock some animal print

Kim XO, lets you in on the latest fall fashion trends on Fashion Fridays on the Black Press Media Network

Most Read