Gem Diamonds unveils 196ct white diamond
- Publishing Date
- 07 Sep 2010 11:26am GMT
- Author
- Mining Journal
On announcing its August 24 recovery, the company said: “this remarkable rough diamond is expected to achieve a substantial price per carat as preliminary examinations indicate that it is expected to produce top colour and top clarity polished diamonds”.
The Letseng mine has produced three of the world’s 20 largest diamonds since Gem Diamonds acquired the asset in 2006. These include the 603ct Lesotho Promise (in August 2006) worth US$12.4 million, the 493ct Letseng Legacy (in September 2007) worth US$10.4 million, and the 478ct Light of Letseng (in September 2008) worth US$18.4 million.
Clifford Elphick, Gem Diamonds chief executive, said: “Letseng continues to live up to its reputation as a unique producer of exceptional diamonds and the recovery of this remarkable 196ct white diamond reinforces its position as one of the great mines in the diamond industry.”
Gem Diamonds owns 70% of the Letseng mine, with the remainder held by the government of Lesotho.
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