Wednesday, 8 May 2019

Gem Diamonds sells 13.33 carat pink diamond - $ 8.8m

Gem Diamonds has sold a 13.33 carat pink diamond recovered at its flagship Letšeng mine in Lesotho last month for $8.8 million. The high-quality pink colour type I diamond sold at a tender in Antwerp, Belgium, achieving a record price per carat of almost $657,000.

The Letšeng mine is known for yielding some extraordinary diamonds, including the 910-carat “Lesotho Legend”, which sold for $40 million last year.
Laurence Graff purchased the Graff Lesotho Pink diamond for $8,750,360 (£6,639,554.4), breaking the record dollar per carat price of any Letseng diamond. The world’s already extremely limited resources of pink diamonds are quickly depleting.