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Letseng 215-carat stone sells for $8.26 million

March 08, 2007

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Antwerp, Belgium—The Antwerp World Diamond Centre (ADWC) has announced the sale of a 215-carat D-color diamond at the Letseng Diamond Tender to Belgian-based Omega Diamonds.

The stone, which comes from the Letseng diamond mine in the Kingdom of Lesotho, scored the highest average price per carat for a D-color ever tendered by Letseng at $38,000 per carat.

New owner Omega—a rough-diamond firm—stated that the gem was remarkable for its size and quality, adding that it will be a big piece.

"The shape is something that will be sweated over for months," the company said.

ADWC spokesman Philip Claes spoke of the importance of having an important stone tendered in Antwerp.

"We continue to fully support such tenders as part of our ongoing efforts to facilitate the diamond trade," he said.

Another major diamond from the Letseng mine, a historic 603-carat stone, recently sold here for $12.36 million, or $20,000 average per carat.

The mine is known for the size and quality of the diamonds it produces. It is jointly owned by Gem Diamonds (70 percent) and the Lesotho government (30 percent). Letseng Tenders are held monthly by WWW International Diamond Consultants.

The ADWC, formerly called HRD, is the umbrella organization for the Antwerp diamond industry.
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