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Napoleon’s diamond brooch sells for $4.4m at Sotheby’s Geneva

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A diamond brooch taken from Napoleon Bonaparte following his defeat by Prussian forces in 1815 has fetched $4.4 million at Sotheby’s Geneva—exceeding its highest pre-sale estimate by more than seventeen times.The piece, which converts into a pendant, showcases a 13.04-carat oval diamond encircled by nearly 100 old mine-cut diamonds set in two rings. Initial estimates had valued it between $150,000 and $250,000.

According to Sotheby’s, Napoleon was forced to leave behind several carriages, including one carrying valuable possessions, when they became mired in mud several miles from the Waterloo battlefield as he rushed to escape the combined British and Prussian forces that had defeated his army.

The brooch was given to Prussian King Friedrich Wilhelm III three days after the battle as a war trophy. It stayed within the Hohenzollern dynasty for generations, passing through various German emperors, before entering a different private collection in recent years.

Another Napoleonic treasure, a 132.66-ct green beryl which he is reported to have worn on his coronation mantle in 1804, was bought for $1m by a US museum – also for 17 times its high estimate.Both items were highlights of the Royal and Noble Sale, which raised a total of $14.3m.

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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

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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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JewelBuzz is Asia’s First Digital Jewellery Media & India’s No.1 B2B Jewellery Magazine, published by AM Media House. Since 2016, we’ve been the trusted source for jewellery news, market trends, trade insights, exhibitions, podcasts, and brand stories, connecting jewellers, retailers, and industry professionals worldwide.

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