RE:RE:DIAMOND Producers regain some Brilliance ..As per nyoni post 05 Mar 2014
Gem Diamonds Limited (LSE: GEMD) is pleased to announce the sale of the two +160 carat diamonds which, as previously announced, were recovered from the Letšeng mine at the end of January 2014.
These two rough diamonds (a 162.02 carat type II diamond and a 161.31 carat type II diamond) both achieved top prices, in accordance with their respective colour, clarity and expected polished yield, at Letšeng’s February tender. The 162.02 carat diamond sold for US$11.1 million (US$68 687 per carat) and the 161.31 carat sold for US$2.4 million (US$14 636 per carat).