198 Carat Letseng Diamond Sells for 10.6 Million

Sold in September, the 198 carat Letseng D colour type II diamond, recovered by Gem Diamonds Ltd.

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.

Mark Johnson

About Mark Johnson

Mark attended Liverpool University and went on to pursue a career in the diamond industry. After more than a decade working in polished diamonds, Mark moved to the Isle of Wight where he launched Serendipity Diamonds. He works most days from their busy Ryde showroom, photographing jewellery and writing for the Serendipity Diamonds website. Anyone interested can connect with Mark on Linkedin via the profile link.

Mark Johnson

About Mark Johnson

Mark attended Liverpool University and went on to pursue a career in the diamond industry. After more than a decade working in polished diamonds, Mark moved to the Isle of Wight where he launched Serendipity Diamonds. He works most days from their busy Ryde showroom, photographing jewellery and writing for the Serendipity Diamonds website. Anyone interested can connect with Mark on Linkedin via the profile link.