RAPAPORT… Gem Diamonds has recovered a high-quality, 13.33-carat pink
diamond in Lesotho.
The type I diamond was unearthed earlier this month at its Letšeng mine, and is
the first stone above 10.8 carats the company has reported this year. It is the largest pink diamond the miner has
recovered since 2011, when it retrieved a 30.68-carat stone. In December it found
a pink stone weighing 8.53 carats.
“This is looking
like an extremely high-quality diamond…so it will be interesting to see
what price per carat it achieves at the next tender in March,” the company told Rapaport News Wednesday.
The company is known for its ability to retrieve diamonds weighing
more than 100 carats. Last year, it produced a record 15 stones of that
magnitude, including the 910-carat Lesotho Legend, which it sold last March for
$40 million.
Gem Diamonds owns a 70% stake in the Letšeng mine, with the
Lesotho government holding the remaining 30%.
Image: The 13.33-carat pink diamond. (Gem Diamonds)
Gem Diamonds’ Letšeng Mine Yields 13ct. Pink
The Bottom Line
- The 13.33-carat type I pink diamond is the first stone over 10.8 carats reported by Gem Diamonds this year.
- This is the largest pink diamond recovered by the company since a 30.68-carat stone in 2011.
- Gem Diamonds produced a record 15 diamonds over 100 carats last year, including the 910-carat Lesotho Legend sold for $40 million.
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