News

Advanced Search

Gem Diamonds Unearths 135ct. Yellow

Jun 25, 2019 4:30 AM   By Rapaport News
Comment Comment Email Email Print Print Facebook Facebook Twitter Twitter Share Share


RAPAPORT...
Gem Diamonds has recovered a 135-carat yellow at its Letšeng mine in Lesotho, the third significant colored-diamond discovery at the deposit this year.

The company retrieved the high-quality, type I stone on June 21, three months after the mine yielded a similar quality yellow diamond weighing 134 carats. Those discoveries follow a two-year gap in the recovery of yellow diamonds weighing more than 100 carats from Letšeng. In June 2017, the miner found a 151.52-carat yellow.

Gem Diamonds also unearthed a 13.33-carat pink diamond in February, which it sold to Graff the following month for $8.8 million, or $656,933 per carat. In 2018, the company mined a record 15 stones weighing more than 100 carats.

Image: The 135-carat yellow diamond. (Gem Diamonds)
Tags: 135ct. Yellow, Gem Diamonds, Graff, Letšeng mine, Rapaport News
Similar Articles
Lucapa Lulo 150Lucapa Eyes Increased Share in Lulo
Nov 28, 2019
Lucapa Diamond Corporation is in advanced discussions with the Angolan government to secure a majority stake in its Lulo
Comments: (0)  Add comment Add Comment
Arrange Comments Last to First
© Copyright 1978-2019 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.