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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