Canadian mining company sells massive diamond for 'record $63 mln'May 10, 2016 - 17:17 AMT PanARMENIAN.Net - Canadian mining company Lucara Diamond on Monday, May 9 announced the sale of a huge 813-carat diamond for a record $63 million (55 million euros), according to AFP. The sale of the massive "Constellation" diamond was "the highest price ever achieved for a rough diamond, breaking all records," CEO William Lamb said in a statement. The name of the buyer for the gem, which was discovered in Botswana, was not divulged, nor the conditions of the sale overseen by Nemesis International. Lucara Diamond said it retained a 10 percent interest in the net profit from the sale of the polished diamonds that the stone will yield. The record sale figure is unlikely to last very long. Lucara is preparing to auction an even larger 1,109-carat diamond at Sotheby's in London on June 29. Both diamonds are from Lucara’s Karowe open pit mine in Botswana, which is gaining a reputation for spectacular stones. Lucara shares had soared by 8.58 percent by mid-afternoon on the Stockholm market. The main shareholder in the Canadian company is the Swedish Lundin family. Photo: Spencer Platt/Getty Images/AFP Top stories Authorities said a total of 192 Azerbaijani troops were killed and 511 were wounded during Azerbaijan’s offensive. In 2023, the Azerbaijani government will increase the country’s defense budget by more than 1.1 billion manats ($650 million). The bill, published on Monday, is designed to "eliminate the shortcomings of an unreasonably broad interpretation of the key concept of "compatriot". The earthquake caused a temporary blackout, damaged many buildings and closed a number of rural roads. Partner news | Scholz hopes Armenia-Azerbaijan peace treaty will be signed this year German Chancellor Olaf Scholz hopes that a peace treaty between Armenia and Azerbaijan will be signed this year. Ucom equips four bus stops in Ijevan with free Wi-Fi Ucom now provides free Wi-Fi coverage in smart bus stops in four communities of Ijevan. Armenia, Russia discuss life extension of Metsamor nuclear plant Issues regarding the extension of life of the 2nd power unit of the Armenian Nuclear Power Plant were discussed in Yerevan. Armenians stage more campaigns against territorial concessions to Azerbaijan Protesters blocked more roads across Armenia on Friday, April 26 in continuing attempts to scuttle territorial concessions to Azerbaijan. |