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The CEO of the company that found the 1,109-carat Lesedi la Rona said, “the historical significance of the stone seems to have been missed based on the bids offered.”
The campaign will focus specifically on Mozambican rubies and follows the company’s highest-grossing ruby auction yet.
The Rapaport Group also described trading at the recently concluded JCK Las Vegas show as “relatively weak.”
Diacore and Mellen Inc. have formed a partnership with the auction house to acquire an ownership interest in the 59.60-carat diamond known as the Pink Star.
Though the sale set a new record for per-carat prices for lower quality stones, it was only 76 percent sold by weight and 79 percent sold by value.
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