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

Mount Eneas fire grows to 1,374 hectares

Regional District Okanagan-Similkameen issues evac alerts for properties in Area F.

Summerland winery saved from wildfire

Okanagan Crush Pad is thanking firefighters for saving the Summerland vineyard

Former Peachland mayor passes away

George Waldo served as mayor for a total of 19 years in the 1980s and 1990s

Okanagan Wildfires: The latest on wildfires and evacuations

A Friday morning look at the major wildfires impact the Okanagan and Similkameen.

Update: Fire on Kelowna’s Knox Mountain quickly knocked down

City fire crews responded to report of smoke at the top of the hill Friday afternoon.

BC Wildfire update on Okanagan blazes

Watch the media briefing on the current fire situation in the Okanagan.

Wildfire near Vernon out as new Sugar Lake fire sparked

Vernon fire snuffed out, but now a new blaze has been discovered near Cherryville

What’s happening this weekend

Follow Social Squad memeber Matthew Abrey to find out what’s happeing this weekend

RCMP help to save goats from wildfire

The fast-approaching wildfire, sparked Thursday, forced the evacuation of five homes

Vernon’s Sparrow signs with Wichita

Vernon product headed to ECHL for pro hockey

VIDEO: Near drowning captured on popular B.C. river

Search and Rescue manager says the popular pastime of floating in the summer is inherently dangerous

Matjicka pulls trick for Silver Stars

Capri Insurance Men’s 55+ Soccer League roundup

Crosswalk vandalism leaves black mark for Cowichan as B.C. Games begin

Rainbow crosswalk defaced just days after being painted

Photo gallery: BC Games Day 1

A brief look at action from the 2018 BC Summer Games in the Cowichan Valley

Most Read