gem diamonds, which recently made headlines when it mined two diamonds each weighing more than 160 cts. in the same month, has sold the huge rocks for $13 million total.

" /> Two 160-Plus Carat Stones Fetch $13 Million - JCK

Two 160-Plus Carat Stones Fetch $13 Million



Gem Diamonds, which recently made headlines when it mined two diamonds each weighing more than 160 cts. in the same month, has sold the huge rocks for $13 million total.

The two rough stones were found at the company’s Letšeng mine in Lesotho and sold at the Gem Diamonds’ February tender.

One of the diamonds weighed in at 162.02 cts., the other at 161.31 cts.

The 162.02 ct. stone, a Type II that has the potential to yield a top-quality polished diamond, sold for $11.1 million, or $68,687 per ct. The lesser-quality 161.31 ct. stone sold for $2.4 million, or $14,636 per carat. 

Letšeng is currently run as a joint venture between 70 percent owner Gem Diamonds and the Lesotho government. Gem Diamonds acquired the mine in 2006.  

  

JCK News Director