News

Advanced Search

Gem Diamonds Recovers Two Large Diamonds at Letšeng

Feb 13, 2014 2:14 AM   By Deena Taylor
Comment Comment Email Email Print Print Facebook Facebook Twitter Twitter Share Share
RAPAPORT... Gem Diamonds recovered a 162.06-carat, type II diamond (pictured) and a 161.74-carat, type I diamond from the Letšeng mine in Lesotho at the end of January.

Both diamonds were  mostly undamaged in the extraction process, which verifies that measures implemented at Letšeng by Gem Diamonds to reduce diamond breakage are proving successful, the company concluded.

The diamonds are expected to achieve top prices at the company's February tender. 

In October 2013, Gem Diamonds sold an 82-carat  diamond for $4.8 million or $59,173 per carat, while a rare 12.47-carat, blue diamond set a record for a Letšeng diamond and fetched $7.5 million or $603,047 per carat.

Tags: Deena Taylor, diamond, diamonds, Gem Diamonds, Letseng
Similar Articles
Bharat Diamond BourseIndia’s Diamond Trade Slows in August
Sep 19, 2017
India’s polished-diamond exports declined 6.5% to $1.82 billion in August, according to data the nation’s Gem &...
Comments: (0)  Add comment Add Comment
Arrange Comments Last to First
© Copyright 1978-2017 by Martin Rapaport. All rights reserved. Index®, RapNet®, Rapaport®, PriceGrid™, Diamonds.Net™, and JNS®; are TradeMarks of Martin Rapaport.
While the information presented is from sources we believe reliable, we do not guarantee the accuracy or validity of any information presented by Rapaport or the views expressed by users of our internet service.