Gem Diamonds sold a 164 carat, D color, type IIa rough diamond from the
Letšeng mine for $9 million, or $54,911 per carat. The stone was sold in
a profit sharing agreement with an unnamed buyer whereby Letšeng will
benefit from a share of the sale of the resulting polished diamonds.
diamond was recovered at the Letšeng main pipe on April 30 and follows
the installation of two new secondary and tertiary crushers at the
mine’s processing plant 2. Two remaining crushers are schedule to be
installed before the end of June.
In addition to the 164 carat
stone, Gem Diamonds reported that a 103 carat diamond of lesser quality
was also recovered from the Letšeng main pipe during May. The stone will
be placed on tender for sale in June.