Exceptional diamond sold for $40M

Exceptional diamond sold for $40M

Posted in News by Alessandro Carrara on March 16th 2018
Gem Diamonds has announced the sale of an ‘exceptional quality’ 910-carat D colour Type IIa diamond, which was sold for $40m (£28m) in Antwerp on 12 March 2018.

It was recovered from the Letšeng mine in January 2018 and is the fifth largest gem quality diamond ever recovered.

Clifford Elphick, Gem Diamonds CEO, said: “We are delighted with the outcome of the sale of this iconic diamond, which demonstrates the exceptional quality of The Lesotho Legend itself, as well as reaffirming the unique quality of the Letšeng diamond production.”

When the diamond was recovered Elphick said: “Since Gem Diamonds acquired Letšeng in 2006, the mine has produced some of the world’s most remarkable diamonds, including the 603 carat Lesotho Promise, however, this exceptional top quality diamond is the largest to be mined to date and highlights the unsurpassed quality of the Letšeng mine.

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