DiamondBuzz
Rare 6.17ct Fancy Pink Diamond Set to Lead Heritage’s Holiday Jewelry Auction
Ultra-rare 6.17ct fancy-pink diamond ring, The Angelina, is expected to command up to $1.8 million at Heritage’s December 3 auction.
A rare 6.17-carat fancy-pink diamond ring — known as The Angelina — will headline Heritage Auctions’ Holiday Fine Jewelry Signature Sale in Dallas on December 3, with estimates reaching up to $1.8 million.
The oval-shaped, VVS2-clarity pink diamond is surrounded by full-cut diamonds and set on a diamond-studded band. “Stones of this caliber are seldom seen at auction, and demand has only grown stronger,” said Jill Burgum, Heritage’s executive director of fine jewelry. “Exceptional fancy pink diamonds above 5 carats with such clarity remain the ultimate collector’s prize.”
The auction will showcase over 350 lots, including standout colored stones and iconic pieces from David Webb, Tiffany & Co., and Van Cleef & Arpels.
A ring with a 10.89-carat, D-color, VS2 square diamond flanked by triangular stones, estimated at up to $300,000.
A ring featuring a 5.90-carat, D, VVS2 round brilliant diamond with two pear-shaped sides, expected to achieve $220,000.
A 4.04-carat, D, VVS1 round brilliant diamond ring, with a high estimate of $150,000.
A pair of earrings set with square-cut diamonds weighing 5.39-carat (I, VS2) and 5.41-carat (H, VVS2), also estimated up to $150,000.
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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