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

Golden Ears park road still on winter hours, visitors discover

Several vehicles trapped behind closed gate for a while, after missing 5:30 p.m. closure

Letter: Judging volume and speed of east-west traffic

‘This risk is only going to increase.’

UPDATED: Flames open junior B final with 2-1 triple-OT win over Delta

Paul Tucek earns win for Flames, making 87 saves.

Horse found stuck in muddy field rescued in Maple Ridge

Maple Ridge firefighters set up a rope system to drag the horse to solid ground

Poverty panel visits Maple Ridge next week

Seniors activity centre location for open house, all welcome

Two Maple Ridge contortionists have sights set on Cirque

The Pair competed at the Viva festival in Vegas and are now auditioning for spot on America’s Got Talent

Spring snow melt uncovers dirty needles in B.C. city

Vernon residents are upset with number of needles being found around town with spring melt

US would host majority of games at 2026 World Cup

A decision on the winning bid will be made June 13 at the FIFA Congress in Mexico

‘A perfect storm’: Gas prices could hit $1.60 by April, expert says

Prices will shoot up to 155.7 cents a litre by end of week or early next week

Most people in B.C. too ‘lazy,’ ‘apathetic’ to prepare for disasters: poll

Less than half of those surveyed aren’t insured for earthquakes and wildfires

Chris Hemsworth goes surfing in Tofino

The Australian actor donned a full body wetsuit to catch some waves on Vancouver Island this weekend

B.C. hospitals receive boost for dental surgery

Disabled people needing general anesthetic wait too long, Adrian Dix says

BCHL Today: Wenatchee Wild on the ropes and Smoke Eaters reeling

BCHL Today is a (near) daily look at what’s going on around the league and the junior A world.

5 to start your day

Kinder Morgan protests heat up, a horse rescued from a muddy field and more

Most Read