Business
Sale of 478ct diamond
Sale of 478ct diamond.
About this update from Gem Diamonds Limited
[{"type":"text","content":"\n RNS Number : 3318J Gem Diamonds Limited 02 December 2008 \n \n\n2 December 2008 RNS RELEASE\n\n\nGEM DIAMONDS LIMITED\n\n\nLESELI LA LETŠENG FETCHES RECORD PRICE\n\n- Light of Letšeng sold on tender in Antwerp for US$18.4 million, to SAFDICO, the manufacturing arm of Graff Diamonds\n- The price represents an extraordinary price per carat of US$38 400, against a global average diamond price of US$90 per carat\n- This remarkable value is attributable to the Light of Letšeng’s top colour and outstanding clarity\n- The diamond was recovered at Letšeng le Terai Mine in Lesotho on 8 September 2008\n- Light of Letšeng is the third significant diamond to be recovered at Letšeng in as many years\n\nGem Diamonds Limited (Gem Diamonds) and the Government of the Kingdom of Lesotho are pleased to announce the sale of the Light of Letšeng, a remarkable 478 carat white diamond, in Antwerp for US$18.4 million. The Light of Letšeng, or the Leseli la Letšeng in Lesotho's native language Sesotho, was named to reflect its outstanding colour and clarity which are of the highest possible standard for a rough diamond.\n \nThe world's leading diamantaires participated in the tender and the winning bid was made by SAFDICO, the manufacturing arm of Graff Diamonds. Graff Diamonds is one of the world's leading diamond jewellery purveyors and was also the winning bidder for the Lesotho Promise ...