Gem Diamonds Limited Sale of The Lesotho Legend (4848H)
13 March 2018 - 6:00PM
UK Regulatory
TIDMGEMD
RNS Number : 4848H
Gem Diamonds Limited
13 March 2018
13 March, 2018
GEM DIAMONDS LIMITED
("Gem Diamonds" or "the Company")
Sale of The Lesotho Legend
Exceptional quality 910 carat diamond achieves US$40m on
tender
Gem Diamonds Limited (LSE: GEMD) is pleased to announce that the
exceptional quality 910 carat D colour Type IIa diamond recovered
from the Letšeng mine in January 2018 achieved a price of US$40
million on tender in Antwerp on 12 March, 2018.
Reflecting its significance, the diamond, which is the fifth
largest gem quality diamond ever recovered, has been named The
Lesotho Legend.
A video on The Lesotho Legend can now be viewed via the
Company's website, www.gemdiamonds.com
Clifford Elphick, Gem Diamonds' Chief Executive Officer,
commented:
"We are delighted with the outcome of the sale of this iconic
diamond, which demonstrates the exceptional quality of The Lesotho
Legend itself, as well as reaffirming the unique quality of the
Letšeng diamond production."
The Gem Diamonds Limited LEI number is 213800RC2PGGMZQG8L67
For further information:
Gem Diamonds
Susan Wallace, Company Secretarial department
ir@gemdiamonds.com
Celicourt Communications
Mark Antelme / Jimmy Lea
Tel: +44 (0) 207 520 9261
About Gem Diamonds:
Gem Diamonds is a leading global diamond producer of high value
diamonds. The Company owns 70% of the Letšeng mine in Lesotho and
100% of the Ghaghoo mine in Botswana. The Letšeng mine is famous
for the production of large, top colour, exceptional white
diamonds, making it the highest dollar per carat kimberlite diamond
mine in the world. www.gemdiamonds.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
STRDGGDXLGBBGID
(END) Dow Jones Newswires
March 13, 2018 03:00 ET (07:00 GMT)
Gem Diamonds (LSE:GEMD)
Historical Stock Chart
From Apr 2024 to May 2024
Gem Diamonds (LSE:GEMD)
Historical Stock Chart
From May 2023 to May 2024
