Swiss Jeweler De Grisogono Acquires Rights to Nemesis’ 404-Carat Diamond
May 09, 16
(IDEX Online News) – Swiss luxury jeweler de Grisogono has bought the rights to market a 404-carat diamond from Dubai trader Nemesis International DMCC, according to a report on gulfbusiness.com.
Lucapa Diamond Company recovered the Type II-a D-color gem from alluvial Mining Block 8 at its Lulo Diamond Project. The diamond is believed to be the largest ever found in Angola and thought to be the 27th-largest stone ever recovered. It is estimated that it will take 6 months to cut the stone.
Director of Nemesis International Nickolas Polak announced the sale at a Dubai news conference, but declined to disclose the price, although Lucapa announced in February that a 404-carat diamond sold for $16 million at auction.
The Dubai Multi-Commodities Centre facilitated the acquisition of the rights, and helps to cement its place as an increasingly significant part of the diamond industry.