Feb 132014
 

Looks like Gem Diamonds Limited (based in London) has pulled a couple more big rocks out of the ground at their Letšeng mine.

Gdm179

162.06ct Type II – Rough Diamond

On Feb. 13th, they sent out a press release about the two new stones.

They list the stones as two rough diamonds (a 162.06 carat type II diamond and a 161.74 carat type I diamond).  Companies don’t usually state any color/clarity of the diamonds at this point so you have to try and follow them through the market (often difficult to do) to get the details about them.

Both diamonds were recovered in largely undamaged condition and will be sold via tender later this month.

I will try and find keep track of the 162.06ct diamond, since it is a Type II it is possible that this diamond could be color treated.  Imaging if – by remote chance – it was a Type IIb and could be turned blue.  The three photos here are the Type II diamond, just from looking at the color it does not look like something that you would want to alter the color of – it looks quite white already and treating it would probably not increase the value but the potential is there due to it being Type II.

It was only a few month ago that the same mine produced a 12.47ct natural blue diamond.  The company announced the blue diamond on September 30th and it was sold via tender in Antwerp on October 11th for $4.8 million USD ($59,173 per carat).

162.06ct Type II – Rough Diamond

162.06ct Type II – Rough Diamond

162.06ct Type II – Rough Diamond

162.06ct Type II – Rough Diamond

Photos courtesy of Gem Diamonds Limited