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

Huge turnout in Terrace for Telegraph Creek fundraiser

Organizers say they surpassed their original goal of 250 burgers by a long shot

Forest Practices Board audits Skeena Sawmills

Review and recommendations exercise result of random selection process

UPDATE: No injuries following fire at Terrace seniors’ complex

Old Skeena Bridge is reopened following a fire at Twin River Estates

Ice Demons returning to CIHL for 2018-2019 season

Central Interior Hockey League will return with five teams after shrinking last season

B.C. declares state of emergency as more than 560 wildfires rage

This is only the fourth state of emergency ever issued during a fire season

B.C. wildfires 2018: Hazy skies impacting crews in spotting new fires

18,000 people are on an evacuation alert, with 3,000 homes under an evacuation order

Minister optimistic after 2 days of Columbia River Treaty negotiations

Canadian and U.S. officials met in Nelson Wednesday and Thursday to discuss future of the treaty

Man dies in B.C. police cell while awaiting court hearing

An independent investigation is underway after a man died while in Penticton police custody Aug. 16

RCMP appeal for tips, dashcam footage in German tourist shooting west of Calgary

The Durango crashed into the ditch after the shooting near the Goodstoney Rodeo Centre

2 nurses attacked at B.C. psych hospital, union calls for in-unit security

PHSA says that in-unit guards would do more harm than good

Former B.C. optician won’t be jailed for sexually assaulting minor

Kenneth Pilkington sentenced to 24 months’ probation for offence three decades ago

Red Cross now accepting donations for those impacted by B.C. wildfires

The Canadian Red Cross is asking for help now and in the weeks and months ahead.

B.C. program to educate parents reduces ‘shaken baby syndrome’ by 35%

Period of PURPLE Crying was launched nearly a decade ago

Fredericton widow swears at Trudeau during condolence call

Widow of man killed in Fredericton shooting says she swore at Trudeau during condolence call.

Most Read