DiamondBuzz
Elizabeth Taylor yellow diamond ring offered by Christie’s New York , estimate of $120,000 to $180,000
A fancy vivid yellow diamond ring once owned by Elizabeth Taylor will be offered by Christie’s New York with an estimate of $120,000 to $180,000. The piece last appeared at the same auction house in December 2011, achieving $962,500 against an identical estimate.
Originally part of The Collection of Elizabeth Taylor: The Legendary Jewels, the ring contributed to a record-breaking $116 million sale. The 2.62-carat, VVS1-clarity marquise brilliant-cut yellow diamond is mounted in a Bulgari platinum ring accented with pear, marquise and round white diamonds.
Gifted to Taylor in 1962 by singer Eddie Fisher, her fourth husband, the ring carries a notable provenance tied to one of Hollywood’s most iconic jewellery collections.
DiamondBuzz
Lucara Secures $50 Million Equity Boost for Karowe Underground Expansion
Lundin Family Trusts back CAD 70 million private placement to fund 2026 development plans
Lucara Diamond Corp. has raised CAD 70 million (approximately $50.5 million) through a private placement of equity to support the advancement of its Karowe Underground Project (UGP) and strengthen its working capital position.
The company issued around 437.5 million shares at a price of CAD 0.16 per share, with the Lundin Family Trusts subscribing to the entire offering. The Lundin family controls Nemesia, Lucara’s largest shareholder, reinforcing its long-term commitment to the miner’s flagship Botswana operation.
Proceeds from the financing will be primarily used to progress the Karowe UGP, a key growth initiative aimed at extending the life and value of the mine, alongside general corporate and working capital requirements.
Commenting on the transaction, Lucara President and CEO William Lamb said the support from the Lundin Family Trusts highlights the strategic importance of the underground expansion. He added that the funding will position the company to accelerate critical project milestones planned for 2026.
The private placement is subject to customary regulatory approvals, including acceptance by the Toronto Stock Exchange, and does not require shareholder approval. Lucara expects the transaction to close by the end of the month.
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