News

Gem Diamonds receives $8.8 million for 13.3 carat pink diamond

The tender sale that was hosted in Antwerp achieved a record price per carat of approximately $657,000

diamond world news service

Gem Diamonds  has sold a 13.33 ct pink diamond that it disocvered at its Letšeng mine in Lesotho last month for $8.8 million. Last year, Gem Diamonds also recovered an exception diamond 910ct Lesotho Legend, which yielded $40 million. 

The miner had a good run last year with profits of upto $46.6 million. The company attributed this to the discovery of large sized diamond, which has gorwn in number over the years. 

Since the acquisition of the mine in 2006, 5 out of 20 large gem quality white diamonds have been unearthed in Lesotho, which makes Gem Diamonds  the largest dollar per carat operation.



Follow DiamondWorld on Instagram: @diamondworldnet
Follow DiamondWorld on Twitter: @diamondworldnet
Follow DiamondWorld on Facebook: @diamondworldnet

Gemfields' November 2024 Emerald Auction Yields $16.1 Million Amid Market Challenges

NDC and Jos Alukkas Unite to Elevate the Natural Diamond Market

GIA Board of Governors Welcomes Lisa Bridge and Dr. Wendy Bohrson as New Members

Marie Antoinette’s Historic Diamond Necklace Fetches $4.8 Million at Auction

Princess Margaret's Sapphire and Emerald Ring to Be Auctioned