DIAMOND: Lucara sells 1,100-ct Lesedi La Rona for $53M

VANCOUVER – Lucara Diamond Corp. has finally sold the 1,109-carat Lesedi La Rona diamond for US$53 million (US$47,777 per carat) to Graff Diamonds. The company tried to auction the stone in June 2016, but offers did not reach the reserve price of US$70  million. Instead they stopped at US$61 million. [caption id="attachment_1003720172" align="alignleft" width="206"] The 1,109-ct Lesedi La Rona sold for $53 million.[/caption] The Lesedi La Rona – meaning “our light” – was unearthed in the Karowe mine in Botswana in November 2015. This is the second largest gem quality diamond ever discovered; and it is certainly the largest existing uncut diamond. Graff Diamonds mines, cuts, polishes, sets and sells diamonds. Visit www.GraffDiamonds.com. Earlier this year, Graff purchased a 374-carat diamond also from Lucara’s Karowe mine.