The mine was again re-opened after an agreement was signed in June 1999, between the Lesotho Government and the Gem Diamond Mining Company of Africa Limited. BMC Global Recommended for you. If an ordinary layman had placed such a bid, it would have been characterized as a gamble, as he would not know the outcome of the cutting and polishing of the stone, and there was always the risk of the stone shattering while being cut, a risk that is minimized by modern high-precision laser machines. The mine was put up for sale in February this year after prospective buyer, Paragon Diamonds Limited, failed to secure the requisite funding within the given time frame. Lesedi La Rona Fragrance Collection THE LEGENDARY BEAUTY OF A RARE DIAMOND … The finished stones were unveiled by Laurence Graff, Chairman of Graff Diamonds in December 2007 at his London headquarters. Each diamond release has been authenticated by the International Gemological Institute (IGI), a trusted and independent Belgian-based diamond certification institute. The smallest diamond a round brilliant-cut was only 55 points. It could be tomorrow or next year - there's always a new gem waiting to be discovered.". Écoutez de la musique en streaming sans publicité ou achetez des CDs et MP3 maintenant sur Amazon.fr. The auction followed a novel secret bidding procedure in which prospective buyers were requested to submit written bids for the diamond, and the highest bid was selected, provided it satisfied the requirements of the owners. It is the largest diamond to be recovered from this mine, pushing the 601-carat Lesotho Brown, to second place, another large diamond also recovered previously from the same mine. 14 Days Returns. info@stormmountaindiamonds.com, Sitemap The rough stone is almost pyramidal in shape, which may be appropriate for transformation into a heart-shaped diamond. Choose another country Date of entry: 2003. LOCAL diamond dealers have called on the government to permit diamond trading while it works on reforming relevant trading laws. Storm Mountain Diamonds (Kao) has renovated the previously closed Ntlafatso Skills Training center in Mohale’s Hoek. The Letšeng mine is renowned for its production of large, top colour, exceptional white diamonds, making it the highest average dollar per carat kimberlite diamond mine in the world. Standing before a barrage of cameras, with the ease of a man accustomed to handling millions of pounds worth of diamonds between his thumb and forefinger, Mr. Graff revealed the largest of the 26 diamonds, a 76.41-carat, pear-cut, D-color, flawless diamond. According to this agreement the Company's interests in the mine was limited to 70 %, while the remaining 30 % was owned by the Government. Free Gift Packaging. Get Price. Later the diamond was put up for auction on 9th October 2006, but before submitting bids, top diamond cutters and dealers of the world, were given several hours to examine the stone. Production. Little wonder then that the final outcome turned out to be all top color (D-color) and internally flawless. Each of the 26 stones is laser inscribed on the girdle with the Graff Logo and its GIA identification number and its own Lesotho Promise number. The stone is exceptionally colorless, with a color rating of D, even in the rough state, the highest color rating for colorless diamonds. Copyright © .Internet Stones.COM. First diamond recoveries commenced, recovery of special stones and fancy yellow diamonds; 2017. List of best Diamond Dealers in Lesotho of 2020. Use our Wholesale Diamond Price tool to find what it's worth and save on diamonds like a pro. 20% Secure Buy . Free shipping on many items | Browse your favorite brands | affordable prices. vsi diamond With many years effort SBM successfully developed Vietnam market SBM. EXPLORE HIGH JEWELLERY . One of the biggest discovered this year. None of the diamonds has been set into jewelry, and Mr. Graff revealed that his intention was to keep the collection intact and sell all 26 stones to just one buyer. To everyone's surprise they were instead confronted with her accidental discovery-the Lesotho Promise." In 1996 the Lesotho III ring sold at an auction of the former First Lady’s estate for $2,587,500 (“Jackie O Lesotho diamond sells…”, 1996). said Clifford Elphick. Data Privacy Policy, Our success is one of the unique memoirs in the history of diamond mining in Lesotho, The largest kimberlite pipe in Lesotho and fourth largest in Southern Africa, Situated in the beautiful Butha Buthe District, Kingdom of Lesotho, Engaging, collaborating & supporting our community, Our Kao mine has become a primary producer of fancy pink diamonds. Even though no value had been placed on the Lesotho Promise Necklace, it was expected to sell for in excess of US$ 30 million. Massive Lesotho diamond find could be worth US$18-million Gem Diamonds announces new 442-carat diamond find at Letšeng mine in Lesotho. JOHANNESBURG - Gem Diamonds Ltd said it has recovered a 198-carat white diamond from its flagship mine in Lesotho that should fetch "an exceptional price" when sold this year. ", The presentation of the Lesotho Promise collection was of national importance for Lesotho, and the High Commissioner of Lesotho in London, Prince Seeiso Bereng Seeiso, had been invited by Laurence Graff for the unveiling ceremony. SMD is jointly owned by Namakwa Diamonds Limited and the Lesotho Government. The necklace was put out on display until August 10, 2008 along with other rare dimonds from Graff's collection, such as "The Flame" a 100-carat pear-shaped D-color internally flawless diamond. The engineers and gemologists of both companies subjected the Lesotho Promise rough diamond to an intensive study lasting almost five months, using today's most advanced scanning technology to ensure that all possible cutting and polishing solutions are evaluated. Discovered in May 1967, the 601 carat Lesotho Brown diamond was the first significant diamond to be recovered at Letšeng and thus became famous as the largest diamond ever discovered by a woman.. He was confident of the great potential of the rough diamond, and his bid had to be such that no competitor could come anywhere near it, and was still capable of making a profit after cutting and polishing. However, all of the 18 are remarkable. The Lesotho Promise was discovered accidentally by a woman employee of the company, who was just sorting through the rocks at the site of the mine. Another significant fact about the stone is that the Lesotho Promise is the biggest rough diamond to be discovered in the world in 16 years, since the discovery of the 777-carat Millennium Star rough diamond in Mbugi Mayi district of the Democratic Republic of Congo (Zaire) in 1990. A second large piece yielded the 43.12-carat heart-shaped diamond, and the third large piece, a 27.03-carat round brilliant. Lesotho Date of entry: 2003. We employ 700 + people and have contributed M700 million to government fiscus through taxes. 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