Gem Diamonds Unearths 370 Carat Diamond from Letšeng Mine

Mining and Exploration
10/05/2021 09:42

Gem Diamonds announced the recovery of a white, Type II, 370-carat diamond from the Letšeng mine located in Lesotho. Letšeng is known for producing large, exceptional white diamonds, making it the highest dollar per carat kimberlite diamond mine in the world. This announcement comes a week after the recovery of a 254 carat Type II, white diamond from the same mine.

“It is pleasing to see that carat production during the Period was up some 11% on the same period in 2020 and that the average price of US$1 630 per carat was also slightly up on Q1 2020," said CEO, Clifford Elphick in last month’s first-quarter report. "Although the production from the mining mix was not as impressive as the second half of 2020, with fewer large diamonds recovered due to the areas accessed under the mining plan, prices achieved on a like for like basis remained strong for Letšeng’s high-value diamond production,” he continued.