Gem Diamonds Sells 357ct Diamond From Lesotho Project

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Clifford Elphick

Gem Diamonds CEO, Mr. Clifford Elphick

UK based Gem Diamonds Limited has announced the sale of an exceptional 357carat white diamond (recovered at the Letšeng mine in July 2015) which achieved US$ 19.3 million on tender in Antwerp.

According to the company CEO, Clifford Elphick, the Letšeng mine has produced two remarkable +300 carat diamonds during the year to date.

“The 314 carat diamond, which was recovered in May 2015 and sold into a partnership arrangement in June 2015, and the 357 carat diamond which was sold on tender in September 2015 for US$19.3 million,” he said.

“Both of these diamonds achieved top prices despite current market conditions, providing further evidence of the price resilience of Letšeng’s large top quality diamonds.”

The Letšeng mine is famous for the production of large, top colour, exceptional white diamonds, making it the highest dollar per carat kimberlite diamond mine in the world. Since Gem Diamonds’ acquisition of Letšeng in 2006, the mine has produced four of the twenty largest white gem quality diamonds ever recorded.


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