Lucara made headlines around the world in November 2015, when it announced it had unearthed the second largest diamond ever found – the 1,109-carat Lesedi La Rona – from its Karowe mine in Botswana.
The company’s stock spiked 30% on the announcement, and has continued to climb ever since, following more spectacular finds. (Lucara’s stock was up 3% in mid-day trading to $3.89 per share.)
Just one day after the discovery of the Lesedi La Rona, Lucara announced it had also pulled an 812-carat diamond. Both diamonds are Type IIa – a measure of purity that is rare.
It’s the 812-carat “Constellation” diamond that recently sold for US$63 million. The Lesedi La Rona is to be sold June 29 at Sotheby’s in London.
According to Lucara, the price paid for the Constallation is the most ever paid for a rough, uncut diamond.
Under an agreement with Dubai’s Nemesis International DMCC, Lucara will receive 10% on net profits from further sales once the rough diamond is turned into cut and polished stones.
For more information on Lucara Diamond, see Business in Vancouver’s profiles on Lucara CEO William Lamb , and co-founder Eira Thomas .
