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 |  Latest news Erdogan wants “realistic road map” for relations with Armenia  Turkish President Recep Tayyip Erdogan has called for a “new realistic road map” for relations with Armenia.Armenia-Azerbaijan: Experts launch work on determining coordinates Expert groups from the countries started the process of determining the coordinates based on geodetic measurements.Yerevan says did not expect CSTO in peacekeeping role Pashinyan has declared that the CSTO would be expected to come to the Armenia-Azerbaijan border as an ally of ArmeniaHenrikh Mkhitaryan wins Serie A title with Inter Inter Milan midfielder Henrikh Mkhitaryan admits that the team have long been imagining clinching Serie A against AC Milan. |
