GEMOLOGY
London-Listed Gem Diamonds Unveils a 145.55 ct Type II White Diamond
The discovery was made on August 3, marking a significant addition to the mine's storied history of unearthing some of the world's most exceptional diamonds.
A Year of Exceptional Finds
This 145.55 ct diamond is the ninth diamond weighing over 100 carats to be recovered from the Letsěng mine in 2024 alone. Each discovery reaffirms the mine's reputation for producing some of the highest quality and most valuable diamonds on the planet.
The Legacy of Letsěng
Gem Diamonds holds a 70% stake in the Letsěng mine, which consistently yields large, high-quality white diamonds. The mine's unique geological conditions contribute to its ability to produce diamonds of remarkable size and clarity. This latest find continues to cement Letsěng's status as the highest dollar-per-carat kimberlite diamond mine in the world.
The Significance of Type II Diamonds
Type II diamonds, like the 145.55 ct gem recently discovered, are known for their exceptional purity. They lack nitrogen impurities, which can give diamonds a yellowish tint. This absence results in a superior optical transparency, making Type II diamonds particularly desirable in the market.
Economic and Industry Impact
The recovery of such significant diamonds not only enhances Gem Diamonds' portfolio but also has broader implications for the diamond industry. Large, high-quality diamonds generate substantial revenue and can influence market trends, particularly in the luxury jewellery sector. The rarity and beauty of these diamonds attract significant attention from collectors and investors worldwide.
A Bright Future for Gem Diamonds
Gem Diamonds' ongoing success at the Letsěng mine demonstrates the company's effective management and advanced mining techniques. As they continue to unearth remarkable diamonds, Gem Diamonds reinforces its position as a leading player in the global diamond industry.
The discovery of the 145.55 ct Type II white diamond at the Letsěng mine is a testament to the enduring allure and value of large, high-quality diamonds. As Gem Diamonds continues to explore and extract these natural treasures, the world watches with anticipation for the next extraordinary find.
Gem Diamonds finds ninth diamond over 100 carats in 2024
Gem Diamonds Ltd - 70% owner of Letseng diamond mine in Lesotho, southern Africa - Finds 145.55 carat type II white diamond at Leseng mine on Saturday. The stone is the ninth diamond of more than 100 carats found so far in 2024. The value of such large stones varies widely. In the first quarter of this year, Gem Diamonds said it sold 113.11 carat white diamond for USD39,345 per carat, or USD4.5 million.
Argyle Pink Diamond Among Last Mined Takes Center Stage in Online Auction
The diamond, a cushion-cut fancy intense VS1 gem, is graded 6P, indicating a hue intensity of 6/10 with pink as the dominant colour.
This extraordinary stone is the centrepiece of a 416-lot online auction that concludes on August 11. The auction features a collection of items from the late Graham Jackson, the former owner of Loloma Jewellers in Townsville, Australia, who passed away at 92 in May.
The Argyle Pink diamond was originally sold at the 2021 Argyle Pink Tender, marking Rio Tinto's final collection from the mine before it ceased operations in November 2020. Over its 37-year history, the Argyle mine was renowned for producing 90% of the world's pink diamonds.
Sydney-based First State Auctions is handling the sale, with the diamond expected to fetch between AUD$700,000 and AUD$800,000 (US$455,000 to US$520,000).
This auction follows a significant purchase by Tiffany & Co. in January, when the luxury jeweller acquired a parcel of 35 Argyle pink diamonds, ranging from 0.35 to 1.52 carats, for its select clientele.
Farmer gets 16.10 carat diamond
Thursday, 08 August 2024 | Staff Reporter | BHOPAL
A farmer Dileep Mistry and three others found a 16.10-carat diamond in a mine in Panna district on August 6.
Mistry had leased a piece of land in Jaruapur area for excavation with three of his associates.
According to the article, a government official in the Panna diamond office called Anupam Singh said that the gem-quality diamond would be put up for sale in the next government auction.
The diamond is likely to fetch a good price and the proceeds will be given to the owner after deducting the government royalty.
The diamond is likely to fetch a good price and the proceeds will be given to the owner after deducting the government royalty. Mistry told, that he hopes to improve the financial condition of his family. He also added that he had gotten lucky in the same mine earlier and will continue mining.
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