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 Azerbaijani President Ilham Aliyev arrived in Moscow on April 22 to hold talks with Russian counterpart Vladimir Putin. 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". Partner news | 17 bridges collapse as a result of floods in Armenia As a result of floods in Armenia’s northern Lori and Tavush provinces, 17 bridges, including five large ones, have collapsed. Ex-mayor of Karabakh capital arrested in Yerevan Ex-mayor of the Nagorno-Karabakh city of Stepanakert David Sargsyan has been arrested for 20 days. 269 people evacuated amid severe floods in Armenia’s north According to the Interior Ministry, 269 people have been evacuated from their homes in Lori and Tavush provinces. Armenian delegation participating in NATO PA session The delegation is headed by Andranik Kocharyan, the chairman of the standing committee on defense and security matters. |