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.