The Diamond Certification Laboratory of Australia (DCLA)
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Gem Diamonds has recovered another 100 carat plus rough diamond this year.
The recovery of the D colour type IIa stone shortly after the recovery of a 910 carat D colour IIa rough diamond from Letšeng last week.
Gem Diamonds began extracting ore from a higher grade part of Letšeng last year, resulting in the increase of large stones.
Gem Diamonds Letseng mine is located in the mountainous kingdom of Lesotho in southern Africa.
Gem Diamonds has recovered a 910 carat rough diamond at its Letšeng mine in Lesotho, the fifth largest rough ever found.
The D colour type IIa diamond is the largest to be unearthed at Letšeng, outranking the 603 carat Lesotho Promise recovered in 2006.
That stone was sold for $12.4 million, to Graff Diamonds, which owns a 15% stake in Gem Diamonds.
Last year, Graff bought the 1,109 carat Lesedi la Rona, the second largest rough diamond in history, for $53 million, or $47,790 per carat.
The discovery follows a recent revival of exceptionally large stones recovered at Letšeng, which is known for its high value production.
The two Rough diamonds each weighing more than 100 carats were recovered by Gem Diamonds at the Lesotho mine in southern Africa.
Both rough Diamonds weight 117 carats and 110 carats are D color Type IIa diamonds.
Type IIa diamonds carbon bonds contain little or no nitrogen atoms making them very white and rare. These are the most expensive white diamonds.
Graff Jewellers a leader in the diamond business since 1960 has purchased the 476 carat rough diamond named The Meya Prosperity Diamond.
The Rough diamond was mined in Sierra Leone.
Graff paid $16.5 million for the exceptional rough diamond , another in a long line of extraordinary diamond bought by Graff.
The magnificent rough diamond is the 29th largest diamond ever recovered and is the fifth largest stone from Sierra Leone.
In 1940 when R.V. Cullinan the son of the renowned diamond magnate Sir Thomas Cullinan asked De Beers director Pierre De Villiers to buy him some diamonds on his next visit to Kimberley.
A collection of Fancy Vivid Yellow Diamonds owned by South Africa’s mining elite has sold at a Bonhams auction for well above its expected price.
The collection sold as two separate lots at the for a total of $773,350.
Diamond Miner Gem Diamonds has found a 202 carat rough diamond at its Letšeng mine in Lesotho, Sothern Africa. The rough diamond is the latest of seven recovered over 100 carats this year.
The D colour type IIa diamond was recovered when they mine switched to the higher grade K6 section of the main pipe earlier this year.
The Letšeng mine is one of the highest diamond deposits by value in the world with the an average price of $2,397 per carat for the July tender.
De Beers is planning to add the world’s largest custom built diamond mining vessel to its fleet at a cost of $142 million.
The ship will be the sixth belonging to Debmarine Namibia, a 50/50 joint venture between the miner and the Republic of Namibia, De Beers said Tuesday. Expected to begin operations in 2021, it will enhance the company’s ability to recover diamonds off the southern African country’s Atlantic coast, the rough producer added.
“There is a great amount of potential in Namibia’s marine diamond deposits, and this new vessel will support our strategy to continue to grow our offshore operations,” said De Beers CEO Bruce Cleaver.
Earlier this year, De Beers launched the MV SS Nujoma, the world’s largest diamond sampling and exploration vessel. Acquiring the new ship will help the company capitalize on that vessel’s work, and support the long-term future of Namibia’s diamond sector, Cleaver added.
Kleven Verft, a Norwegian ship-building company that constructed the Nujoma, will also build the new vessel, and has signed a memorandum of understanding with De Beers.
Source: Diamonds.net
Alrosa the Russian miner and top diamond producer by output, recovered three gem quality large rough diamonds.
A 82.82 carat, a 108.34 carat, and a 163.11 carat all light yellow or yellow.
All three rough diamonds were recovered at the Jubilee kimberlite pipe, one of Alrosa’s Mining units Aikhalsky in the country’s northeast.
The three diamonds will be sent to Alrosa’s for assessment in the coming days.
Inventories have started piling up at the manufacturing units. It will become a matter of worry if this continues for long. We do not expect manufacturing activities to be cut down due to this slowdown in export markets. Manufacturing companies may reduce rough purchases.