Gem Diamonds has unearthed two large rough stones from its Letšeng mine in Lesotho, marking the fourth and fifth diamonds from the deposit over 100 carats this year.The stones weighing 245 and 102 carats are high-quality, white, type II diamonds, the miner said Monday. The company found.
RAPAPORT. Gem Diamonds enjoyed a continued recovery in rough demand during the first half of 2021, with an improvement in market conditions boosting prices for its goods.Rough sales reached $104 million for the period, the miner said Wednesday 41% higher than the figure the company.
RAPAPORT. A matched pair of fancy-blue diamond earrings with an upper estimate of $770,000 will lead the Hong Kong Jewels & Jadeite auction at Phillips next week.The diamonds, weighing 1.12 and 1.13 carats, have been meticulously cut to maximize their color, the company said recently,.
Fancy-Blue Diamonds to Lead Phillips Auction
RAPAPORT. A matched pair of fancy-blue diamond earrings with an upper estimate of $770,000 will lead the Hong Kong Jewels & Jadeite auction at Phillips next week.
The diamonds, weighing 1.12 and 1.13 carats, have been meticulously cut to maximize their color, the company said recently, calling these stones “one of the most desirable and sought-after of all jewels.”
The blue diamonds have clarity grades in the range of VVS to VS. Offered in two lots, the items will include a 2.21-carat, fancy-blue diamond pendant that is convertible to a ring and has a high valuation of $770,000.
Included in the June 5 sale will be an Asscher-cut, 10.59 carat, D-flawless diamond ring with an upper estimate of $830,000. The type IIa stone has been cut from a 30.80-carat rough from Gem Diamonds’ Letšeng mine in Lesotho, a frequent source of large and high-quality diamonds. Type IIa goods account for fewer than 2% of natural colorless diamonds, P
Letšeng Mine Produces 254ct. Rough
RAPAPORT. Gem Diamonds has unearthed a 254-carat rough stone in Lesotho, marking a return to high-value discoveries following a lull.
The “high-quality,” type II, white diamond came from the company’s lucrative Letšeng mine, it said in a statement Tuesday.
The miner had not publicized any noteworthy finds since January, when the deposit produced a 146.9-carat rough. Output of large diamonds was sluggish in the first quarter because of the nature of the areas of Letšeng the company accessed during the quarter, CEO Clifford Elphick said last month.
Image: The 254-carat diamond. (Gem Diamonds)