Gem Diamonds sells fifth largest diamond ever recovered for $40m

Marco Green
March 13, 2018

The world's fifth biggest gem-quality diamond ever found was sold for $40 million on Monday, the company that found the massive rock said.

The "D" colour Type IIa specimen was found in January in the Letseng mine in the small southern Africa nation of Lesotho, said Gem Diamonds Limited.

The London-listed diamond miner today announced it had sold the diamond, a 910 carat "exceptional quality" gemstone, to an unnamed buyer in Antwerp.

So far this year, Gem has recovered six diamonds of more than 100 carats.

One of those rocks, a 357-carat stone found in 2015, sold for $19.3 million.

The diamond is classified as a D colour Type IIa diamond, meaning it has nearly no impurities.

The Letšeng mine, located in the Maluti Mountains of Lesotho, was purchased by Gem Diamonds in 2006, according to its website.

Previous to "The Lesotho Legend", the biggest precious rock found at Letšeng was the 603-carat Lesotho Promise, dug up in 2006.

The Letseng mine is famous for the size and quality of the diamonds it produces and has the highest average selling price in the world. Lucara Diamond Corp. got a record $63 million for an 813-carat stone past year and $53 million for the 1 109-carat diamond it found at the same time, which was the second-biggest in history.

Other reports by Click Lancashire

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