Market NewsNewsLucara considers partnership to sell 'Lesedi La Rona'

Lucara considers partnership to sell 'Lesedi La Rona'

Nearly two years after unearthing a tennis ball-sized 1,109-carat rough diamond, Lucara Diamond Corp is considering forming a partnership to sell the stone if it still does not have a deal in the next six to eight weeks, Reuters reported.

Lucara, which failed to sell the world's largest uncut stone at Sotheby's auction house in June 2016, continues to receive offers, Chief Executive William Lamb said on a conference call with analysts, said the Reuters report.

The Vancouver-based miner is mulling "one or two" options for an outright sale, but such bids have failed to meet financial scrutiny in the past, Lamb noted, the Reuters report said.

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