Gem Diamonds Unearths 357-Ct Stone, 13th Over 100ct in 2018

Mining and Exploration
17/10/2018 11:50

Gem Diamonds has recovered a 357 carat light brown high-quality diamond trom its 70 percent-owned Letšeng mine in Lesotho, representing the 13th stone larger than 100 carats the miner has unearthed this year, a company record. The latest find is Gem's second-largest this year, with their largest being the 910 carat Lesotho Legend, a D color Type IIa diamond recovered in January, which sold for $40 million last March. 

The frequency of Gem Diamond's large recoveries this year pushed their highest average price per carat in the industry even higher during the first half of the year, increasing steadily from $1,625 per carat in June of 2017 to $2,414 per carat in June of 2018.