RAPAPORT... Gem Diamonds sold a 198-carat, type IIa rough diamond for $10.6 million, or $53,746 per carat. The stone was recovered at the Letšeng mine at the end of July.
"The sale of this large, high-quality white diamond demonstrates the continued robust demand for large high-quality diamonds," said Clifford Elphick, the CEO of Gem Diamonds.
The diamond was sold at the Letšeng September tender and achieved a price in line with its color, clarity and expected polished yield, the company stated. Gem Diamonds did not say who bought the diamond.
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