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A yellow rough diamond weighing 151.60 carats will be the star item at Mountain Province’s sale in Antwerp later this month.The octahedron with “exceptional clarity” will be among more than 90 special stones available from the company’s Gahcho Kué mine in Canada, the company said Wednesday. The...
RAPAPORT... The Baselworld fair has received much criticism in recent years, but one of the final shows before its public implosion appears to have facilitated a diamond deal that counts among the biggest in history. Antwerp-based manufacturers Taché and Samir Gems came to the March 2018...
RAPAPORT... Gem Diamonds’ revenue dropped in the third quarter as the miner sold fewer high-value stones from its lucrative Letšeng deposit in Lesotho.Sales came to $47.3 million for the three months ending September 30, the company reported Thursday — a 22% decline from a year earlier. The...
Alrosa garnered $37.8 million from three recent auctions of large rough diamonds, reporting steady demand for the category.The Russian miner sold 349 lots constituting more than 6,000 carats of goods, with each stone weighing 10.8 carats or more, it said Thursday. The auctions took place in...
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....