Gem Diamonds sells 164 carat rough diamond in Antwerp for US$ 9 million
Friday, 14 June, 2013
In Antwerp, British miner Gem Diamonds Ltd. sold a rough diamond from its Letseng mine in South Africa for $9 million.
The 164-carat precious stone is considered to be of exceptional quality with D colour and Type IIa purity. It is expected to produce top colour and clarity polished stones.
Gem sold the diamond in a profit-sharing arrangement — at $54,911 per carat — where it received the rough price up front and will also share in the sale price of the finished stones.
Gem Diamonds CEO, Clifford Elphick stated: "The recovery and sale of this high quality 164 carat white diamond reinforces Letšeng’s position as the premier source of exceptional diamonds."
Image Courtesy of Gem Diamonds
