At its Ghagoo mine in Botswana, the company recovered 95 diamonds greater than 4.8 carats each, including nine diamonds larger than 10.8 carats, with the largest being a 34.1 carat diamond. Also, 24, 294 carats were altogether recovered during the quarter. The third parcel sold in December achieved an average price of US$ 150 per carat in weaker market conditions, bringing the total average US$ per carat achieved for 2015 to US$ 162 per carat.
"It is pleasing to see that the prices achieved for Letšeng' s diamonds during the fourth quarter have remained robust despite the challenging market conditions experienced throughout this Period. The large high quality diamonds, for which Letšeng is renowned, have contributed to a Q4 2015 average price of US$ 2 117 per carat which results in an average price for FY 2015 some 9 percent lower than FY 2014,” said Gem Diamonds' CEO, Clifford Elphick.
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