In the same category

The Letseng Legacy

IMG Auteur
From the Archives : Originally published September 11th, 2012
283 words - Reading time : 0 - 1 minutes
( 0 vote, 0/5 )
Print article
  Article Comments Comment this article Rating All Articles  
Our Newsletter...
Category : Gems and Treasures





The Letšeng Legacy ranks as the 18th largest rough diamond ever recovered and was named to reflect the growing significance of the mine, which has produced three of the world’s top 20 diamonds (including the 603 ct Lesotho Promise recovered in August 2006, the Lesotho Brown diamond and this 493 ct diamond).


This remarkable 493 carat diamond was found at the Letseng Diamond Mine in the Maluti Mountains in Lesotho, a kingdom surrounded by South Africa on September 7th 2007. At over 3000 meters above sea level, it ranks as the highest diamond mine in the world.


Three years ago in 2006 Graff bought the massive 603 Lesotho Promise, the coincidence of finding two enormous rough diamonds in such a short period is counted as truly extraordinary.



The Letseng Legacy was sold at an auction in Antwerp on November 14th 2007, to SAFDICO the manufacturing arm of Graff Jewellers for $10.4 million. The Lesotho Promise was sold at a similar tender in October 2006 for $12.4 million to Graff Jewelers, who then produced a collection of polished stones valued as high as $30 million. 



Graff’s production company, Safdico, acquired the Letseng Legacy diamond and was responsible for cutting the stone in Antwerp.


Gem Diamonds recently announced that they are doubling the size of the Lesotho mining operations and expects to discover more large (over 100 carats) diamonds. 


The Letseng Diamonds Company is 70% owned by mining company Gem Diamonds and 30% owned by the government of Lesotho.

Production at the mine this year has price per carats yields of about 15 times higher than world average diamond prices, which reflects the larger size and higher quality of the stone recovered



All famous diamonds 




Data and Statistics for these countries : Lesotho | South Africa | All
Gold and Silver Prices for these countries : Lesotho | South Africa | All
<< Previous article
Rate : Average note :0 (0 vote)
>> Next article
Comments closed
Latest comment posted for this article
Be the first to comment
Add your comment
Top articles
Latest Comments
Ecological Armageddon: “We Are Destroying Our Life Support Systems!”
19 Jankevthorne
In further support of the article's conclusions, I recommend this treatise written by Jeremy Grantham, a chief investment strategist: "The original...
Beware the "ZeroHedge Trap"
Nicely done and very well written. The doom is coming but this asteroid misses Planet Earth in Q1. However, I think we are in for a substantially r...
Turbulence and Brexit Make Safer Options Like Gold and Cash Essential
15 Janallstarchuck
If investors included safe-haven assets in their portfolios possibly mistaking them for a hedge, they would potentially inflate their prices in nor...
Top Ten Trends Lead to Gold
14 JanAriana33
This is a good article, and I can agree with many points. I've been investing in gold, particularly the American Gold Eagles for quite some years n...
The Black Swan So Ugly No One Will Talk About It
14 JanS W.
A black swan is a highly improbable event. Obviously the author of the article does not understand that.
Fed’s Balance Sheet Reduction Reaches $402 Billion
07 JanRocco
Every time the FED speaks, gold skyrockets. Just buying some gold every time before the FED makes an announcement and then selling for a quick prof...
Gold Price 2019: 5 Analyst Outlooks
09 JanS W.
In reality there is no such thing as a price of gold. That is because those that are swapping their gold for worthless pieces of paper ( transa...
Will Coins and Bars Save Gold?
30 Decstevewonders
The only thing that will save gold in 2019 is the dollar/yen. I am out of all speculative positions going into the long holiday weekend. I will loo...
Most commented articlesFavoritesMore...
World PM Newsflow