Gem Diamonds’ Yellow Diamonds Tender Nets $28,860 p/c
July 14, 08
A tender of four intense and vivid polished yellow diamonds held in One of the diamonds tendered was a 7.1 carat cushion cut vivid yellow diamond, which sold for $52,000 per carat. Another was a 2.3 carat cushion cut vivid yellow diamond, which went for $19,000 per carat. The tender of the Ellendale goods follows recent trials on a selection of its white diamonds from the Letšeng Mine, known for their high quality and top prices. They too were cut and polished before they were sold. According to Clifford Elphick, CEO of Gem Diamonds, “significant additional margin” can be made from selling their goods polished. “We are very encouraged by the results,” he added.