It’s one of the largest gem-quality diamonds ever recovered.
Gem Diamonds Ltd. announced that a 910-carat diamond known as the “Lesotho Legend” has sold for $40 million.
It achieved the price on tender in Antwerp on March 12, according to a press release. The company describes it as “the fifth largest gem quality diamond ever recovered.”
The identity of the buyer was not disclosed.
The D coloor Type IIa diamond was recovered from the Letšeng mine in January.
“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,“ said Clifford Elphick, CEO of Gem Diamonds.
Gem Diamonds owns 70 percent of the Letšeng mine in Lesotho and 100 percent of the Ghaghoo mine in Botswana.
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The “Lesotho Legend” diamond sold for $40 million.
Family Legacy, New Chapter: How Wilkerson Turns 89 Years of History Into Future Success
After 89 years of serving the Albany community, Harold Finkle Your Jeweler faced a pivotal decision. For third-generation owner Justin Finkle, the demanding hours of running a small business were taking precious time away from his young family. "After 23 years, I decided this was the time for me," Finkle explains. But closing a business with nearly nine decades of inventory and customer relationships isn't something easily managed alone.
Wilkerson's comprehensive approach transformed this challenging transition into a remarkable success story. Their strategic planning handled everything from advertising and social media to inventory management and staffing — elements that would overwhelm most jewelers attempting to navigate a closing sale independently.
The results speak volumes. "Wilkerson gave us three different tiers of potential goals," Finkle notes. "We've reached that third tier, that highest goal already, and we still have two weeks left of the sale." The partnership didn't just meet financial objectives—it exceeded them ahead of schedule.
