Botswana rough diamond fetches record price

A diamond miner in Botswana, Lucara Diamond, has sold an 813 carat diamond for US$63 million, the highest price ever achieved for the sale of a rough diamond.

Canadian-based Lucara Diamond said the exceptional 812.77 carat Type IIa diamond recovered from the Karowe mine in Botswana has been sold for US$63,111,111 (US$77,649 per carat).

William Lamb, President and Chief Executive Officer of Lucara., said, “This achievement solidifies our reputation in the jewelery 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 1,109 carat Lesedi La Rona diamond which will take place at Sotheby’s London on June 29, 2016.”