357-carat white diamond sold for $19.3m
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British global diamond mining business, Gem Diamonds Limited, has announced that an exceptional 357-carat white diamond has been sold $19.3 million.
The diamond, which was recovered from the Letšeng mine in July this year, went on tender in Antwerp last week.
Gem Diamonds CEO, Clifford Elphick, said: “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.”
Gem Diamonds is a leading producer of high value diamonds. The company owns 70% of the Letšeng mine in Lesotho and 100% of the Ghaghoo mine in Botswana.
The Letšeng mine is famous for the production of large, top colour, exceptional white diamonds, making it the highest dollar-per-carat kimberlite diamond mine in the world. Since Gem Diamonds’ acquisition of Letšeng in 2006, the mine has produced four of the 20 largest white gem quality diamonds ever recorded.
