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  • Largest Rough Diamond In The World Sells For Over $50 Million

    September 29, 2017 6:13 PM 36

    At 1,109 carats, the Lesedi La Rona diamond is the largest uncut gem-quality diamond in the world. The buyer, British jeweler Graff Diamonds, payed roughly $47,790 per carat. “We are thrilled and honored to become the new custodians of this incredible diamond,” Laurence Graff, the company’s chairman, said in a statement, according to AFP. “The stone

  • AfDB and Others Give Boost to Africa’s Tourism Development

    September 29, 2017 10:01 AM 40

    This World Tourism Day, September 27, 2017, the African Development Bank has called for collaborative actions from all stakeholders for sustainable tourism development in Africa. The Bank recognizes that Africa’s tourism and travel industry can serve as an engine of progress for socioeconomic transformation. The United Nations’ World Tourism Day, with the theme

  • Aramco listing reshapes Saudi Arabia's OPEC oil policy

    September 29, 2017 9:41 AM 46

    DUBAI/LONDON - Saudi Arabia's plans to float state oil titan Aramco are prompting the country to think the unthinkable. Late last year, Saudi Arabia tried to get fellow oil producers around the world to agree to reduce production. Before an OPEC meeting in Vienna in November, Saudi officials were armed with an unprecedented bargaining chip: if there

  • Elon Musk teases ‘Mars City,’ ‘Moon Base Alpha’ ahead of big space announcement

    September 29, 2017 3:46 AM 37

    SpaceX exec building up to something ‘really special’ Elon Musk has big space ambitions (are there any other kind?), and stoked interest in a pending “really special” announcement by teasing images of proposed bases on Mars and the moon — dubbed “Mars City” and “Moon Base Alpha” — Thursday night. Musk, chief executive of SpaceX and Tesla Inc. TSLA, -0.40% , among

  • Travelers Delayed Around the World Due to Airline Software Failure

    September 28, 2017 10:34 AM 36

    A system failure with an airline check-in system on Thursday led to delays in airports around the world and booking problems for passengers. Airports in Frankfurt, Paris, and Zurich reported of problems with their computer systems, which were quickly resolved. London's Gatwick Airport blamed Altea, a passenger management system that underpins booking

  • World’s Second Largest Rough Diamond Sells for $53m

    September 28, 2017 9:08 AM 35

    Luxury jewellery house Graff Diamonds are now the proud owners of what is said to be the second largest rough cut diamond ever unearthed. The British company purchased the exquisite 1,109 carat uncut stone for $53 million in a private sale. It was previously owned by Vancouver based Lucara Diamond Corp, who unearthed it from Botswana’s Karowe mine almost

  • The United States is now the world’s second most ‘competitive’ economy

    September 26, 2017 10:31 PM 41

    The United States is now the second most competitive economy in the world, climbing to an eight-year high in global rankings, according to an analysis published Tuesday by the World Economic Forum. The latest edition of the Global Competitiveness Report, an annual ranking of 137 economies based on data from international financial institutions, moved

  • Tennis ball-sized diamond sold for $66M by Vancouver-based producer

    September 26, 2017 9:24 PM 38

    The largest rough-cut diamond ever sold at auction has been purchased for US$53 million, or about C$65.6 million. The tennis ball-sized stone was uncovered at a mine in Botswana in 2015, run by Vancouver-based Lucara Diamond Corporation. The 1,109-carat Lesedi La Rona diamond was purchased by British jeweller Graff Diamonds, Lucara said in a statement

  • World's second biggest diamond sells for $53 million

    September 26, 2017 5:07 AM 40

    The world's second-biggest diamond has finally found a buyer. After failing to sell at a Sotheby's auction last year, the 1,109-carat uncut stone has now fetched $53 million in a private sale to luxury jeweler Graff Diamonds. Lucara had originally hoped to get at least $70 million for the stone, describing it as the biggest gem quality diamond found

  • Largest ever rough cut diamond sold at public auction nets 53 million

    September 26, 2017 12:56 AM 51

    'The stone will tell us its story; it will dictate how it wants to be cut' Vancouver-based Lucara Diamond Corp. has sold what it says is the second largest gem-quality diamond ever found. The company announced Monday that the Lesedi La Rona, an 1,109 carat-sized stone unearthed in 2015, has sold for $53 million US. The new owner, Laurence Graff of British