Gem Diamonds Limited announces the sale of the 198 carat diamond.
Earlier in August this year, Gem Diamonds Limited, announced the recovery of a large, white, gem quality diamond weighing 1.98 carats. The diamond was sold during Letseng’s September tender for an amazing 10.6 million US Dollars. The large gem quality diamond is a Type II, D colour diamond. ( Type II diamonds have superior optical properties and have a superior overall polish to Type I diamonds.)
Gem Diamonds is a majority owner of the famous Letseng mine in Lesotho, producing diamonds of high value. Famous for exceptionally high colour, white diamonds, the recent sale is just one of the recent diamond sales reported in the media. Gem Diamonds acquired the Letseng Mine in 2006, and since this time, Letseng has produced four of the largest, whitest gem quality diamonds ever recorded.
In a statement by Clifford Elphick CEO of Gem Diamonds he noted “The sale of this large, high quality white diamond demonstrates the continued robust demand for the large high quality diamonds.”
Photo credit Gem Diamonds Ltd.