Friday, 1 April 2016

Lucara's 1,111 carat ' Lesedi La Rona' diamond to be sold soon

The 1,111-carat 'Lesedi La Rona' diamond is to be sold at auction sometime in the next few months in its rough form. Sotheby's will auction off the stone, targeting a group of ultra-high net worth individuals, diamond dealers and collectors who might be able to pay the price it will command.

The Lucara diamond is the biggest gem-quality diamond discovered since the famed Cullinan measuring more than 3,000 carats was found in South Africa in 1905. The Cullinan was subsequently cut into smaller pieces, with the two largest portions incorporated into Britain's Crown Jewels.
Lamb confirmed that the company had received offers of up to $40 million for the rough diamond. That figure falls below the price tag “north of $60 million” Lamb said he expected the stone to fetch after it's discovery in November.