Graff’s $53M Purchase Reunites 1,109-Carat Lesedi La Rona With Her 373-Carat Sibling

The Jeweler Blog

British billionaire and diamantaire Laurence Graff paid $53 million for the 1,109-carat Lesedi La Rona, the largest gem-quality rough diamond discovered in more than a century. Graff’s purchase marks the poignant reunion of two of the world’s largest and most high-profile diamonds. You see, Graff had already paid $17.5 million for the 373.72-carat “chunk” that fractured from her sibling during the mining process.

Lucara Diamond Corp. and Graff closed the deal with a handshake after more than a year of negotiations. The 79-year-old founder of Graff Diamonds had purchased Lesedi La Rona’s smaller sibling at Lucara’s Exceptional Stone Tender in May. That price was $46,827 per carat, just slightly lower than the $47,777 per-carat price paid for Lesedi La Rona. 

“We are thrilled and honored to become the new custodians of this incredible diamond,” noted Graff in a statement. “Our highly skilled team of master craftsmen will draw on many…

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About Mike Nekta written in 2012

Mike Nekta is a third generation diamond expert and jewelry designer. Since 1999 Mike Nekta has created numerous beautifully detailed diamond engagement rings, wedding bands out of the New York City Diamond District. Mike Nekta is very skilled in creating handcrafted, diamond engagement rings and bridal jewelry with the unique touch of Mike Nekta design. In 2004 Mike Nekta Created the Nekta Watch Collection boasting some of the globes most sought after fashion forward diamond watches.

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Since 1974, NEKTA’s family has been a staple in the New York City Jewelry and diamond district, serving the general public as well as other resellers around the globe. A family business with a humbling beginning that grew into a successful wholesaler/retailer in the infamous New York Diamond District. Mike Nekta’s goal is to stay on the innovative and provide the best and most updated designs using the most updated production techniques available to provide the very best designs and craftsmanship. When asked “What would you say is the key to your business success over the past 38 years? Mike Nekta Replies “We are a major player in the Jewelry capital of the world, people expect innovations from us, and that is what we are constantly developing and that is how we stay 5 – 10 years ahead of other jewelers.”

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