Business
Sale of The Lesotho Legend
Sale of The Lesotho Legend.
About this update from Gem Diamonds Limited
[{"type":"text","content":"\n \nRNS Number : 4848H Gem Diamonds Limited 13 March 2018 \n\n \n \n13 March, 2018\nGEM DIAMONDS LIMITED\n(\"Gem Diamonds\" or \"the Company\")\n \nSale of The Lesotho Legend\nExceptional quality 910 carat diamond achieves US$40m on tender\n \nGem Diamonds Limited (LSE: GEMD) is pleased to announce that the exceptional quality 910 carat D colour Type IIa diamond recovered from the Letšeng mine in January 2018 achieved a price of US$40 million on tender in Antwerp on 12 March, 2018. \n \nReflecting its significance, the diamond, which is the fifth largest gem quality diamond ever recovered, has been named The Lesotho Legend. \n \nA video on The Lesotho Legend can now be viewed via the Company's website, www.gemdiamonds.com\n \nClifford Elphick, Gem Diamonds' Chief Executive Officer, commented:\n \n\"We are delighted with the outcome of the sale of this iconic diamond, which demonstrates the exceptional quality of The Lesotho Legend itself, as well as reaffirming the unique quality of the Letšeng diamond production.\"\n \nThe Gem Diamonds Limited LEI number is 213800RC2PGGMZQG8L67\n \nFor further information:\n \nGem Diamonds\nSusan Wallace, Company Secretarial department\[email protected]\n \nCelicourt Communications\nMark Antelme / Jimmy Lea\nTel: +44 (0) 207 520 9261\n \nAbout Gem Diamonds:\nGem Diamonds is a leading global diamond producer of high value diamonds. The Company owns 70% of the Letšeng mine in Lesotho and 100% of the Ghaghoo mine in Botswana. The Letšeng mine is famous for the production of large, top colour, exceptional white diamonds, making it the highest dollar per carat kimberlite diamond mine in the world. www.gemdiamonds.com\n \n \n\nThis information i...