October 1, 2014 / 6:33 AM / in 3 years

Gem Diamonds sells 198 carat white diamond for $10.6 mln

Oct. 1 (Reuters) - Gem Diamonds Ltd said it sold a 198 carat white diamond recovered from its Lesotho mine in August for $10.6 million.

The diamond was sold in accordance with its colour, clarity and expected polished yield at Letseng’s September tender, the company said in a statement on Wednesday.

Gem Diamonds’ Letseng mine, in the Maluti mountains of Lesotho, is known for its large white diamonds. (Reporting by Karen Rebelo in Bangalore; Editing by Sunil Nair)

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