Canada-based Lucara Diamond have sold an 813 carat diamond named The Constellation to a Dubai-based firm for a record $63.1 million, making it the most expensive rough diamond ever sold. The Constellation was discovered in Lucara’s Karowe mine in Botswana- the world’s largest diamond producer, about six months ago in November 2015.
The sale was made at $77,649 per carat and Lucara will also retain 10% interest in the net profit received from resultant polished diamonds sold, thanks to their pact with the buyer- rough-diamond trading company Nemesis International DMCC. The Constellation is a Type IIa stone which is one of the rarest and purest forms of diamonds in the world.
But The Constellation wasn’t the only diamond Lucara found in its Karowe mines six months ago, the company announced that it had also found a whopping 1,111 carat diamond which is the largest diamond ever found in over a century and the second-largest diamond ever found in the world.
Lucara named it Lesedi La Rona meaning “Our Light” in the Tswana language spoken by the Botswana people. Lesedi La Rona which was found to be over three billion years old is also a Type IIa diamond and measures the size of a tennis ball. The sale price of Constellation has undoubtedly raised the bars for the imminent sale of Lesedi La Rona which is currently on a world tour in preparedness for its auction at Sotheby’s in London on June 29. With all the buzz it has generated, Lesedi La Rona is expected to fetch more than $70 million which would dethrone Constellation as the world’s most expensive diamond ever sold.
“We are very pleased with the result from the sale of this magnificent 813 carat diamond as well as the opportunity to further participate in profits earned when the polished product is sold. The sale of the 813 carat diamond is the highest price ever achieved for a rough diamond, breaking all records. This achievement solidifies our reputation in the jewelry industry as one of the most important sources of diamonds of the very highest quality. We look forward to the next stage of Lucara’s development with the sale of the spectacular 1,111 carat, Lesedi La Rona diamond which will take place at Sotheby’s London on June 29, 2016” Lucara’s President and Chief Executive Officer William Lamb said.
Lucara is apparently having a good year, they have made over 70% gain from their stocks and after the sale of Constellation their share price went up by 8.5%.
The world’s largest diamond was found in 1905 in South Africa. Named the Cullinan, it weighed a jaw-dropping 3,106.75 carats. It was later cut into 9 large diamonds and about 100 smaller ones. The 9 large diamonds have since been in possession of the British Crown jewels. The largest of them all is the largest polished white diamond in the world at 530.4 carats, named the Cullinan I or The Great Star of Africa, It is mounted on the Sovereign’s Sceptre with Cross.
We will bring you news of Lesedi La Rona when it’s officially crowned the new most expensive diamond.