Pursuits

CEO Wants More Than $60 Million for Biggest Diamond in a Century

  • Lucara unearthed 1,111-carat gem from mine in Botswana
  • Offcuts of polished stone may fetch millions of dollars
Lock
This article is for subscribers only.

How much does the head of the company that unearthed the second-biggest ever diamond want for the gem? More than $60 million, that’s all he’ll say.

“I haven’t even told my wife,” said William Lamb, chief executive officer of Lucara Diamond Corp., which last week announced the discovery of the 1,111 carat gem-quality diamond. It’s “higher than the current estimates that people are putting out there, which are north of $60 million.”