Gem sells diamonds for US$22.7 million
- Publishing Date
- 25 Nov 2010 10:05am GMT
- Mining Journal
Gem Diamonds Ltd has sold two large rough diamonds for US$22.7 million. The stones were recovered earlier this year from its Letseng mine in Lesotho.
The London-listed company said it sold both the 196ct and 184ct rough white diamonds for an average of almost US$60,000/ct. The diamonds were sold to South African Diamond Corp (SAFDICO) at a tender in Antwerp on November 24.
Additionally, a 4.68ct rough blue diamond was sold for US$155,000/ct, which the company said was the highest price per carat achieved for a Letseng rough diamond to date. Overall, the average price achieved for the November tender was US$2,341/ct.
Clifford Elphick, Gem Diamonds chief executive, said: “It is very pleasing that Letseng’s diamonds continue to attract strong prices and I congratulate SAFDIC on their purchase of these two remarkable diamonds of top colour and outstanding clarity.”
Companies in this article
Visit the links below to read profiles, see stock information and read all news on companies mentioned in this article.
ALSO IN THE ARCHIVE...
More News By Subject
The Prospectors & Developers Association of Canada (PDAC) is seeking an Executive Director (ED) to oversee its operations from its headquarters in Toronto, Ontario
Recently published Reports:
No results were found