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Sale of The Lesotho Legend

Tuesday, March 13th, 2018

Exceptional quality 910 carat diamond achieves US$40m on tender

Gem Diamonds Limited (LSE: GEMD) is pleased to announce that the exceptional quality 910 carat D colour Type IIa diamond recovered from the Letšeng mine in January 2018 achieved a price of US$40 million on tender in Antwerp on 12 March, 2018.

Reflecting its significance, the diamond, which is the fifth largest gem quality diamond ever recovered, has been named The Lesotho Legend.

A video on The Lesotho Legend can now be viewed via the Company’s website, www.gemdiamonds.com

Clifford Elphick, Gem Diamonds’ Chief Executive Officer, commented:

“We are delighted with the outcome of the sale of this iconic diamond, which demonstrates the exceptional quality of The Lesotho Legend itself, as well as reaffirming the unique quality of the Letšeng diamond production.”

http://www.gemdiamonds.com
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