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Lesotho Legend Sells for $40 Million

One of the largest gem-quality diamonds ever mined has sold for $40 million.

One of the largest gem-quality diamonds ever mined has sold for $40 million.

“The Lesotho Legend” the 910-carat diamond, the fifth-largest gem-quality diamond ever recovered, was unearthed in January this year by Gem Diamonds. The diamond was bought by tender this week by an unnamed buyer in Antwerp, Belgium, according to Gem Diamonds.

The firm said it had removed the diamond from the Letseng mine in Lesotho, a country encircled by South Africa. According to Gem Diamonds in January, it was the largest diamond to have been recovered from the mine.

lesothoPhoto Credit: www.cnbc.com

The company owns 70 percent of the Letseng mine — a location renowned for its production of white diamonds. The company said the diamond and its sale price reaffirmed "the unique quality of the Letšeng diamond production."

The Letseng mine since 2006 has produced more than 60 gems of at least 100 carats, predominantly high-value, white diamonds. The Lesotho Legend is at least the eighth high-value diamond recovered there in little more than a decade. Others include the 603-carat Lesotho Promise, found in 2006, the 550-carat Letšeng Star, recovered in 2011, and the 493-carat Lesotho Legacy, found in 2007.

lesotho legendPhoto Credit: www.cnbc.com

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