The Conversation (0)
- AustraliaNorth AmericaWorld
Investing News NetworkYour trusted source for investing success
Top Stocks
Top Resource Stocks
Top Tech Stocks
Top Life Science Stocks
Trending
Trending Articles
Trending Press Releases
Resource
Popular Lists
Investing Ideas
Outlook Reports
- Lithium Outlook
- Oil and Gas Outlook
- Gold Outlook Report
- Uranium Outlook
- Rare Earths Outlook
- All Outlook Reports
Investing Guides
Tech
Popular Lists
- Top Generative AI Stocks
- Top EV Stocks
- Biggest AI Companies
- Biggest Blockchain Stocks
- Biggest Cryptocurrency-mining Stocks
- Biggest Cybersecurity Companies
- Biggest Robotics Companies
- Biggest Social Media Companies
- Biggest Technology ETFs
- Artificial Intellgience ETFs
- Robotics ETFs
- Canadian Cryptocurrency ETFs
Investing Ideas
Outlook Reports
- Artificial Intelligence Outlook
- EV Outlook
- Cleantech Outlook
- Crypto Outlook
- Tech Outlook
- All Market Outlook Reports
Investing Guides
Life Science
Popular Lists
- Cannabis Weekly Round-Up
- Top Alzheimer's Treatment Stocks
- Top Biotech Stocks
- Top Plant-based Food Stocks
- Biggest Cannabis Stocks
- Biggest Pharma Stocks
- Longevity Stocks to Watch
- Psychedelics Stocks to Watch
- Top Cobalt Stocks
- Small Biotech ETFs to Watch
- Top Life Science ETFs
- Biggest Pharmaceutical ETFs
Outlook Reports
- Life Science Outlook
- Biotech Outlook
- Cannabis Outlook
- Pharma Outlook
- Psychedelics Outlook
- All Market Outlook Reports
Investing Guides
Gem Diamonds Ltd. (LSE:GEMD) announced that an “exceptional quality 164 carat D colour, Type IIa diamond” recovered at the end of last month from its Lesotho-based Letšeng mine has been sold into a profit-sharing agreement for US$9 million.
Gem Diamonds Ltd. (LSE:GEMD) announced that an “exceptional quality 164 carat D colour, Type IIa diamond” recovered at the end of last month from its Lesotho-based Letšeng mine has been sold into a profit-sharing agreement for US$9 million.
As quoted in the press release:
This remarkable rough diamond is expected to produce top colour and top clarity polished diamonds and has been sold into a profit sharing arrangement for US$ 9.0 million (US$ 54 911 per carat), whereby the rough price is received upfront. Letšeng Diamonds will benefit further from a significant share of the downstream polished margin from the sale of the polished diamonds.
Clifford Elphick, CEO of Gem Diamonds, commented:
The recovery and sale of this high quality 164 carat white diamond reinforces Letšeng’s position as the premier source of exceptional diamonds.
Click here to read the full Gem Diamonds Ltd. (LSE:GEMD) press release.
Latest News
Investing News Network websites or approved third-party tools use cookies. Please refer to the cookie policy for collected data, privacy and GDPR compliance. By continuing to browse the site, you agree to our use of cookies.