Sunday 8 May 2016

De Grisogono to market Lucapa 404-carat rough diamond

Swiss jeweler De Grisogono SA bought the rights to market a 404-carat rough diamond from Dubai trader Nemesis International DMCC.

The stone was discovered at Lucapa Diamond Co.’s Lulo mine in Angola. In February Lucapa said it sold a 404-carat diamond for $22.5 million.

The stone is the world’s 27th-biggest and should take six months to cut. It is of the extremely rare and chemically pure Type IIa gem variety.