Gem Diamonds Recovers 140ct. White Stone at Letšeng Mine

Mining and Exploration
17/07/2019 08:50

Gem Diamonds has unearthed a 'high-quality white diamond' weighing 140 carats from its Letšeng mine in Lesotho, making it the second white diamond larger than 100 carats recovered this year as well as the fourth of this magnitude in 2019. Last March, the miner recovered a 161-carat top-quality white stone from its famous mine, which was followed by the recovery of two large yellow diamonds weighing 134 and 135 carats - the latter recovered just a couple weeks ago.

In February, the miner also recovered a 13.33-carat pink diamond that they sold to Graff on tender in Antwerp for $8,750,360, setting a new high on per carat basis for a Letšeng diamond at $656,933. However, despite the recent large recoveries, the London-based miner remains well off its record-setting pace of 2018, when they dug up 15 stones larger than 100 carats.