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GEM DIAMONDS RECOVERS 114-CARAT YELLOW DIAMOND

This is the 11th diamond of over 100 carats to be recovered at Letšeng in 2019
114 carat yellow diamond gem
Credit: Gem Diamonds

Gem Diamonds’ Letšeng mine in Lesotho keeps on delivering: According to the miner, the mine yielded 114 carat Type 1 yellow diamond on December 9.

 

yellow diamond gem diamonds
Credit: Gem Diamonds

 

This is the 11th diamond of over 100 carats to be recovered at Letšeng in 2019. The last big yellow diamond recovered in Letšeng was a 114.2-carat yellow gem, found there on August 22.

 

Letseng mine
Credit: Gem Diamonds

 

In its latest financial report, Gem Diamonds reported that for the first half year of 2019 (ended June 30, 2019), it raked in revenue of $91.3 million – down from $167.7 million in H1 2018. Earnings before interest, tax, depreciation and amortization (EBITDA) totaled $25.3 million – down from $70.7 million in H1 2018. Profit totaled $6.6 million, compared to $26.8 million in H1 2018.



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