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

Police sketch shows suspect in assault of 23-year-old woman

Incident took place Nov. 14 on Maclure Road in Abbotsford

Vancouver concert promoter bans Nazi symbols at shows

A man was witnessed making a Nazi salute during a heavy metal show at Pub 340

#MeToo at work: Employers play a role in fixing culture of harassment

B.C. workplaces are getting ahead of being the next MeToo debacle, calling on experts to train staff

Fire reported after five people observed throwing rocks through windows of business

Blaze broke out early Friday morning on Bourquin Crescent West in Abbotsford

Woman charged with attempted murder after Mission assault

Victim in hospital in stable condition after Maple Ridge woman allegedly attacks him

REPLAY: B.C. this week in video

In case you missed it, here’s a look at replay-worthy highlights from across the province this week

Six straight for streaking Giants

Vancouver blanks Cougars on Teddy Bear Toss night at Langley Events Centre

Family suspends search for missing Alberta couple, plane near Revelstoke

Due to bad weather, families of missing Albertan couple say they will resume in the spring

Canadian grocers make $3M per year from penny-rounding: UBC study

Ottawa announced plans in 2012 to phase out the copper coin

Sagmoen neighbours recall alleged hammer attack

Woman was screaming outside Maple Ridge townhouse in 2013

B.C. anti-hate campaigner finds Google search on his efforts redirects to porn

Text from online news article about Cran Campbell being used to link to suspect websites

‘The Last Jedi’ opens with $220M, 2nd best weekend all-time

As anticipated, the movie fell shy of the opening weekend for J.J. Abrams’ 2015 franchise reboot

2 couples tie the knot in Australia’s 1st same-sex weddings

West Australian couple Anne Sedgwick, Lyn Hawkins have been together for 40 years

Most Read