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Gem Diamonds Sells the Letseng Star
Gem Diamonds sold the 553-carat, D, type IIa, Letšeng Star rough diamond for $16.5 million, or $30,000 per carat, to an undisclosed third party. As part of the deal, Gem Diamonds’ Lesotho-based subsidiary, Letšeng Diamonds, will benefit from a “significant share” of the downstream polished margin resulting from the sale of the polished stone, which will be cut from the Letšeng Star.
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