Gem Diamonds Unearths 134-Carat Yellow Stone at Letšeng Mine

Mining and Exploration
01/04/2019 13:13

Gem Diamonds has recovered an exceptional, 134-carat Type I yellow diamond from Letšeng Mine in Lesotho, the miner's third important find in recent weeks and its second remarkable colored stone this year. It has been nearly two years since Gem Diamonds recovered a yellow stone of that magnitude.

In February, Gem recovered a 13.33-carat pink diamond that it sold to Graff on tender in Antwerp for $8,750,360. The price for that stone set a new high on a dollar per carat basis for a Letšeng diamond, at $656,933. Just over a week ago, the miner unearthed a 161-carat top-quality Type II white diamond, which was the first recovery  of a diamond weighing more than 100 carats in 2019. Last year, Gem Diamonds recovered 15 diamonds weighing more than 100 carats, setting company record for +100-ct diamond recoveries in a single calendar year.