357CT LETŠENG DIAMOND SOLD FOR US$ 19.3 million


Gem Diamonds Limited (LSE: GEMD) just announced the sale of an exceptional 357carat white diamond (recovered at the Letšeng mine in July 2015) achieving US$ 19.3 million on tender in Antwerp last week.

Gem Diamonds CEO, Clifford Elphick stated:

“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.”

The original GEM DIAMONDS press release may be read here.

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