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Gem Diamonds sells two big stones for $22.7 million

Reuters    Translate This Article
25 November 2010

LONDON (Reuters) - Gem Diamonds Ltd has sold two major gems found at its Letseng mine in Lesotho for a total of $22.7 million.

The London-listed company said on Thursday it sold the 196-carat and 184-carat rough white diamonds by tender in Antwerp to the South African Diamond Corporation (SAFDICO).

'It is very pleasing that Letseng's diamonds continue to attract strong prices,' chief executive Clifford Elphick said.

Also, at the normal tender for Letseng's output, a 4.68-carat rough blue diamond was sold for $155,000 per carat, the highest price per carat achieved for a Letseng rough diamond, the company said.

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