Two rough diamonds sell for US$23 million |
| Posted by Administrator (admin) on Dec 01 2010 |
Gem Diamonds Ltd has sold two large rough diamonds for US$22.7 million. The stones were recovered earlier this year from its Letseng mine in Lesotho. The London-listed company said it sold both the 196ct and 184ct rough white diamonds for an average of almost US$60,000/ct. The diamonds were sold to South African Diamond Corp (SAFDICO) at a tender in Antwerp on November 24.
One of the partners in SAFDICO is Lawrence Graff who purchased two weeks ago a fancy intense pink diamond weighing 24.78 carats for $46.2 million, setting a world record for an auctioned diamond or jewel. Graff is also invested in Gem Diamonds.
The diamonds were offered in a special tender by Gem Diamonds and according to Gem Diamonds’ CEO, Clifford Elphick, the diamonds bought by AFDICO are of “top color and outstanding clarity.”
Additionally, a 4.68ct rough blue diamond was sold for US$155,000/ct, which the company said was the highest price per carat achieved for a Letseng rough diamond to date. Overall, the average price achieved for the November tender was US$2,341/ct.
Source: IDEX Online News & Mining Journal
Last changed: Dec 01 2010 at 6:16 PM
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