Tuesday, 28 June 2016

Lesedi La Rona diamond fails to Sell

Vancouver-based Lucara Diamond Corp. has failed to sell the tennis-ball sized diamond it discovered at its Botswana mine last November. The 1,109-carat Lesedi La Rona diamond drew a high bid of $61 million US at the Sotheby's auction in London, falling short of the reserve price.
The biggest diamond to be discovered in more than a century has left Dubai to visit four more cities before being auctioned by Sotheby’s on June 29th. A discrete gathering was held at The Armani Hotel in Dubai, where Lesedi La Rona, or “The Lady", as it’s known to members of the company that discovered it, was on display.

Its stop in Dubai was part of a global tour during which it has already visited Singapore and Hong Kong. It is due to visit four more cities before ending up at an auction at Sotheby’s.

Lucara Diamond Corp. sold an 813-carat diamond for $63 million last month, making it the most expensive rough gem on record and raising the prospects for the sale of the Lesedi la Rona.
The sale of The Constellation was worth $77,649 a carat and Lucara will retain a 10 percent interest in the net profit received in the polished products.