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LETSENG YIELDS ANOTHER HUGE DIAMOND – THIS TIME YELLOW

This is the sixth diamond weighing more than 100 carats recovered so far in 2019
yellow diamond gem diamonds
Credit: Gem Diamonds

Gem Diamonds, which operates the Letšeng diamond mine in Lesotho, has uncovered a 114.2-carat yellow diamond. The gem, recovered on August 22, is the sixth diamond weighing more than 100 carats recovered so far in 2019.

 

Letseng diamond mine
Credit: Gem Diamonds

 

Recently, Gem Diamonds published its report for the first half of 2019. The miner sold 55,714 carats during the period, achieving an average price of $1,697 per carat – 10% more than the average price for H2 2018. During the period, the miner sold a 13.32-carat pink diamond for a Letšeng record of $656,934 per carat, and recovered three diamonds greater than 100 carats. It sold 15 diamonds for more than $1 million each.

 

brown high quality diamond
Credit: Gem Diamonds

 

In the report, Gem Diamonds remained optimistic about the price of large diamonds, despite pressure on smaller goods, saying it expects “Letšeng’s unique, ultra-high-quality goods to be less vulnerable over time to market pressures”.



Tags: Diamonds News, Diamond Industry News, Mining News

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