Connect with us

Headlines

910-Carat Diamond Sells for $40M

mm

Published

on

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. 

Advertisement

INSTORE lesotholegend

The “Lesotho Legend” diamond sold for $40 million.

Advertisement

SPONSORED VIDEO

Wilkerson Testimonials

If It’s Time to Consolidate, It’s Time to Call Wilkerson

When Tom Moses decided to close one of the two Moses Jewelers stores in western Pennsylvania, it was time to call in the experts. After reviewing two candidates, Moses, a co-owner of the 72 year-old business, decided to go with Wilkerson. The sale went better than expected. Concerned about running it during the pandemic, Moses says it might have helped the sale. “People wanted to get out, so there was pent-up demand,” he says. “Folks were not traveling so there was disposable income, and we don’t recall a single client commenting to us, feeling uncomfortable. It was busy in here!” And perhaps most importantly, Wilkerson was easy to deal with, he says, and Susan, their personal Wilkerson consultant, was knowledgeable, organized and “really good.” Now, the company can focus on their remaining location — without the hassle of carrying over merchandise that either wouldn’t fit or hadn’t sold. “The decision to hire Wilkerson was a good one,” says Moses.

Promoted Headlines

Most Popular