Proactive Investors - Run By Investors For Investors

Gem Diamonds sells pink diamond from its Letšeng mine for record US$8.75mln

The per carat price of the pink diamond, which was recovered last month, was US$657,000 – a record for a stone found at Gem’s Letšeng mine in Lesotho
pink diamond
The pink colour is thought to be the result of enormous pressure during the diamond’s formation

Gem Diamonds Limited (LON:GEMD) has sold a pink diamond from its Letšeng mine in Lesotho for US$8.75mln.

The per carat price of US$657,000 is a record for a Letšeng diamond.

The pink diamond was found last month and was sold in Antwerp, Belgium – the world’s largest diamond district.

Shares edged 0.3% higher to 89.6p on Thursday morning.

View full GEMD profile View Profile

Gem Diamonds Timeline

Related Articles

December 21 2018
Richland wants to resume mining at Capricorn or find a buyer for the project
March 18 2019
Dunnedin Ventures is building up a copper exploration portfolio
July 24 2018
If it does decide to list in London, Fura will fill the coloured gemstone gap left by the departure of Gemfields

© Proactive Investors 2019

Proactive Investors Limited, trading as “Proactiveinvestors United Kingdom”, is Authorised and regulated by the Financial Conduct Authority.
Registered in England with Company Registration number 05639690. Group VAT registration number 872070825 FCA Registration number 559082. You can contact us here.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use