Gem Di­a­monds Sells 357-ct Letšeng Di­a­mond For $19.3 Mn

Solitaire - - SPECTRUM -

Bri­tish miner Gem Di­a­monds Ltd. said the ex­cep­tional 357-carat white di­a­mond re­cov­ered at the Letšeng mine in July 2015 achieved $19.3 mil­lion on ten­der in An­twerp in early Septem­ber. Gem Di­a­monds CEO, Clif­ford El­ph­ick stated: “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 $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.”

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