7-2-2018
Gem Diamonds, which owns 70 percent stake in Letšeng mine, had unearthed eight diamonds over 100 carats and sold 38 diamonds for more than US$1 million each in 2017, generating a revenue of US$ 94.8 million.
“This is an improvement on 2016 where 34 diamonds sold for more than US$ 1 million each, generating revenue of US$ 73.7 million,” the Company added.
The company reported the achievement of a 19 percent up from an average price of US$1,858 per carat to US$ 2,217 per carat for quarter four in 2017. A total of 31,476 carats were sold during the period for US$69.8 million with an increase of 21 percent, compared to the revenue in quarter three.
“During the Period, a 58.38 carats white diamond achieved US$61,905 per carat, making it the highest price per carat achieved for a Letšeng rough white diamond for 2017,” Gem Diamonds said.
Last month, Gem Diamonds announced what it named the ‘landmark recovery’ of a 910 carats, D Colour Type IIa diamond, believed to be the fifth largest gem quality diamond ever dug up.
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