"Lesotho Promise" Sells for US$12.36 Million

October 9, 2006

"Lesotho Promise" Sells for US$12.36 Million

ANTWERP, Belgium - The Lesotho Promise, the largest uncut diamond excavated this century and the 15th largest diamond ever excavated on Earth, changed hands today in Antwerp for the amount US$12.36 million. The new owner of the stone, which weighs 603 carats and is about the size of a hand, is Safdico.

The diamond is notable for its color as well as its size: It is virtually clear in color and has been graded "D", the most exceptional color a diamond can be.

The African kingdom of Lesotho is famous for its diamond finds. The previous largest find dates back to 1967, when a 601-ct. diamond was found: the Lesotho Brown, so named because of its color.

The Lesotho Promise was found on August 22, 2006, in the Letseng mine, 30 percent of which is owned by the government. The mine was closed from 1982 to 2004 (De Beers closed the mine in the 1980s). It is no coincidence that the diamond was put onto the market on October 4, the day that the small kingdom of Lesotho celebrates its independence.

"We are proud that a diamond from Lesotho is making history for the second time," states Minister of Natural Rrsources Mamphono Khaketla. "That such a unique diamond was sold here proves ... that Antwerp is still the international diamond capital of the world," added Freddy J. Hanard, managing director of the HRD.

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