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Lesotho diamond sells for US$9 million

Staff Reporter

MASERU — A 164 carat D colour diamond that was recovered at Letšeng Diamonds on April 30 has been sold for a staggering US$9 million (M91 million), the mine announced on Friday. “This remarkable rough diamond is expected to produce top colour and top clarity polished diamonds and has been sold into a profit sharing arrangement for US$9.0 million (US$54 911 per carat), whereby the rough price is received upfront,” Letšeng Diamonds’ chief executive officer, Mazvi Maharasoa, said in a statement.

The company said it expected to benefit further from a significant share of the downstream polished margin from the sale of the polished diamonds. Letšeng is famous for its large, top quality diamonds, with the highest percentage of large (+10.8 carat) diamonds of any kimberlite mine, making it the highest dollar value per carat kimberlite diamond mine in the world.
“Not only are Letšeng’s diamonds the highest valued kimberlite diamonds in the world, but are also from the highest diamond mine in the world, at an altitude of 3 100 metres,” the mine said.

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