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9/25/17

Lesedi La Rona

The 1,109 rough diamond is discovered November 2015 by Lucara Diamonds (LUC.to).

It is put up for auction in 2016 in an auction which, if successful, would break the stranglehold of diamond cutters on the market.

In June last year at Sotherby's the bids go to U$61m, but it fails to make reserve of U$70m. The Lesedi La Rona is withdrawn, LUC and Lamb lick wounds.

And now, September 2017, it sells for U$53m

Just sayin'