Gem Diamonds Recovers 9th Large Diamond This Year from Letšeng (115 ct)

Mining and Exploration
22/05/2018 15:03

Gem Diamonds Limited today announced the recovery of yet another large, high-quality diamond, this time weighing 115 carats. The stone is top white colour Type IIa diamond, recovered from the Letšeng mine in Lesotho. This is the ninth diamond of over 100 carats recovered in 2018, already exceeding the total number of diamonds of over 100 carats recovered in 2017.

The company owns 70% of the Letšeng mine in Lesotho and 100% of the Ghaghoo mine in Botswana. The Letšeng mine is famous for the production of large, top colour, exceptional white diamonds, making it the highest dollar per carat kimberlite diamond mine in the world. Since Gem Diamonds acquired the mine in 2006, Letšeng has produced over 60 +100 carat, predominantly high value, white diamonds, including the 910 carat Lesotho Legend earlier this year, which sold for $40 million in Antwerp, the 603 carat Lesotho Promise, the 550 carat Letšeng Star and the 493 carat Letšeng Legacy.