Gem Diamonds Limited (LSE: GEMD) just announced the sale of an exceptional 357carat white diamond (recovered at the Letšeng mine in July 2015) achieving US$ 19.3 million on tender in Antwerp last week.

Gem Diamonds CEO, Clifford Elphick stated:

“The Letšeng mine has produced two remarkable +300 carat diamonds during the year to date. The 314 carat diamond, which was recovered in May 2015 and sold into a partnership arrangement in June 2015, and the 357 carat diamond which was sold on tender in September 2015 for US$19.3 million.”

The original GEM DIAMONDS press release may be read here.

Published by

Luís Chambel

Exploration & Research Mining Engineer, MSc Engineering Geology, MBA, PhD European Engineer -EUR ING; Euro Geologist - EURO GEOL

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s