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The mining company’s rough diamond sales dropped in the first quarter as the market was “weaker than usual.”
It’s reportedly the biggest blue diamond ever recovered in the country and was cut into a 20.46-carat oval.
The diamond company sold $575 million in rough in its latest round of sightholder and auction sales, a 10 percent year-over-year increase.
Lesedi La Rona was the 1,109-carat rough diamond discovered in Botswana almost four years ago.
Once the property of Nirav Modi’s former company, the stones range in size from 0.10-1.25 carats.
The National Bank of Fujairah opened a representative office Sunday in the diamond trading hub.
How GIA is changing its reports for lab-grown diamonds and a tiara headed to auction were among the week’s top headlines.
Sightholders now will be able to refer to rough stones from the company as “DTC diamonds.”
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