Exceptional 357-Carat Letsĕng White Diamond Sold for $19 Million
September 20, 15
(IDEX Online News) – Gem Diamonds Ltd has announced the sale of an exceptional 357 carat white diamond, found at its Letsĕng mine in Lesotho in July, for $19.3 million at Tender in Antwerp.
"The Letšeng mine has produced two remarkable +300 carat diamonds during the year to date. The 314 carat diamond, which was recovered in May 2015 and sold into a partnership arrangement in June 2015, and the 357 carat diamond which was sold on tender in September 2015 for US$19.3 million. Both of these diamonds achieved top prices despite current market conditions, providing further evidence of the price resilience of Letšeng's large top quality diamonds," said Gem Diamonds CEO Clifford Elphick.
Gem Diamonds owns 70 percent of the Letšeng mine and 100 percent of the Ghagoo mine in Botswana. The Letšeng mine is the highest dollar per carat kimberlite diamond mine in the world.