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12/09/2024 10:20Just a week after announcing their last +100-cts diamond find, Gem Diamonds has announced its eleventh and twelfth +100-cts stone of this year. Usually, the Letseng mine in Lesotho is responsible for eight such diamonds a year, 2023 being an off-year with ‘only’ five finds. The newest one is a 126.21-ct Type II white diamond.
07/08/2024 08:42Gem Diamonds is on a roll as it announced the recovery of its 9th 100ct+ exceptional rough diamond this year, a 145.55ct Type II white, at the Letšeng mine in Lesotho, the highest dollar per carat diamond producing mine in the world.
Photo credit: Gem Diamonds
04/06/2024 06:49Gem Diamonds has announced the recovery of an exceptional 172.06ct Type II white rough diamond, the seventh 100+ct diamond recovered at its Letšeng mine this year alone.
25/04/2024 18:52Gem Diamonds, who owns 70% of the Letšeng mine in Lesotho, has released its Q1 2024 Trading Update, which showcases robust operational and sales performances from January 1st to March 31st, 2024.
Key Highlights from Q1:
20/03/2023 10:59Clifford Elphick, CEO of GEM Diamonds said in an announcement on Thursday (March 16) that market volatility caused by the invasion of Ukraine by Russia contributed to a decline in diamond prices. GEM achieved an average selling price of $1,755 per carat compared to $1,835 per carat in 2021. Though he remains overall optimistic regarding the mine’s capacity to rebound during the 2023 fiscal year.
They reported a 31% decline in attributable profit for the 12 months ended December 12 of $10.2m compared to $14.8m in the previous financial year.
20/07/2022 12:12Gem Diamonds has recovered another 114ct rough at the Letšeng Lesotho mine, just a month after the discovery of a 245ct Type II white, the fourth 100ct+ stone in the past two months.
15/06/2022 05:50Barely two weeks after the discoveries of a 129ct and a 125ct, Gem Diamonds has added another rare find to the Lesotho Letšeng list, a 245ct white Type II white rough of exceptional quality.
03/06/2022 10:11Gem Diamonds announced it has recovered a 125ct top white diamond at the Letšeng mine in Lesotho. Since 2006, the Lesotho mine, famed for its rough diamonds of exceptional sizes and quality, yielded more than 60 100+ct stones, 16 last year alone, six this year-to-date.
09/12/2019 17:43Gem Diamonds recovered a 114-carat Type 1 yellow diamond on 9 December 2019, the miner reported this afternoon. It is the 11th diamond weighing more than 100 carats to be recovered at the Letšeng mine in Lesotho in 2019, and the fourth yellow diamond that tops the 100-carat milestone. The miner recovered a 114.2-carat yellow diamond from the mine in August, as well as a 135- and 134-carat yellow earlier this year. Letšeng is renowned for known for yielding large, high-quality stones.
Photo credit: Envato Elements