$19.3m for the 357 carat rough diamond

Gem Diamonds LTD has sold the 357 carat exceptional white diamond recovered from the Letšeng mine for $19.3 million USD.

Gem Diamonds owns 70% of the Letšeng mine in Lesotho and 100% of the Ghaghoo mine in Botswana which is producing the exceptional rough diamonds.

The 314 carat diamond recovered in May 2015 sold in June 2015, and the 357 carat diamond which sold on the Antwerp tender last week for $19.3 million.

Both rough diamonds achieved top prices in the current market showing price resilience of large top quality diamonds.

Producing four of the twenty largest white gem quality diamonds ever recorded, Letšeng mine is renowned as highest dollar per ct kimberlite diamond mine in the world.

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