The June Coincidence of the Fancy Diamonds

          By Rorisang David Mahlo

The Ministry of Mining is delighted to announce the recovery of two beautiful upmarket diamonds as thus: the 89.75 carats yellow diamond by LUCAPA Diamonds at Mothae, and the 29.59 carats Pink diamond by Storm Mountain Diamonds at Kao, named THE ROSE OF KAO, through the positively upcoming mining companies leased to commercially mine diamonds in the outskirt of Maluti Mountains of Lesotho.

These attractive diamonds which one of them (The Rose of Kao-Pink) is already exported to compete for the lucrative sales were recovered on different dates: The Rose of Kao (Pink) on the 12^th June, while the Yellow was on the 28^th June 2018. The remaining one (Yellow) is safely kept and awaiting the completion of the trial stage and LUCAPA`s approved sales and marketing contract by the Ministry of Mining.

According to Gemological Institute of America (GIA) the quality of diamonds can be graded on four factors or 4Cs. These are the cut, clarity, color, and carat weight of the diamond. It is very important to note the characteristics of these precious stones while dealing with them. The degree of the color of these precious stones is tested over certain levels that generally range from colorless (D) to significantly colored (Z).Therefore, according to the statement released by Kao Mine Management, The Rose of Kao is estimated to be sold at value of $USDC 300 000 which could be estimated to the calculations of (8.88) Million US dollars, which is equivalent to M117 Million Maloti but with potential prospects to sell even much higher or less than the estimated value depending on the diamond market performance.

Therefore in this instance Lesotho is yet to rip the benefits of producing diamonds based on one of the four factors or 4Cs which is the “Colour.”

THE ROSE OF KAO as per the statement posted by SMD will go on tender at BONAS in Antwep, marketing company acting on behalf of SMD and KAO from the 17^th September. The Tender is expected to be closed on the 1^st of October 2018.

In nutshell, the marketing of the said Pink stone has already started and it is expected that it will attract a lot of attention from the serious buyers and highest renowned specialists of such stones.