A 13.33 carat pink diamond sold!
13.33
carat pink diamond sold at
Records
price of US$ 656,933 per carat
Gem
Diamonds Limited (LSE: GEMD) is pleased to announce that a 13.33 carat pink
diamond recovered at the Letšeng mine in February 2019 has been sold on tender
in Antwerp for US$ 8,750,360. This represents a record dollar per carat price
of US$ 656,933 for a Letšeng diamond.
Letšeng
has also produced high quality pink and blue diamonds, with a rare blue diamond
achieving a sales price of US$603 047 per carat in 2013 and an exceptional pink
diamond achieving $187 700 per carat in 2016.
Letšeng
ranks in the top 15 global diamond producers by revenue. The large high value
diamonds from Letšeng account for 70% to 80% of the Group’s revenue annually.
Letšeng
has grown to be one of the largest open pit diamond mines in the world,
processing ore from two kimberlite pipes, the Main pipe 17.0ha and the
Satellite pipe 5.2ha.
In
2017, initiatives were undertaken to unlock additional value, which included an
updated open-pit life of mine plan, large diamond recovery and breakage
initiative projects, and a mining optimisation project.
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