GEM DIAMONDS WRAPS 2018 WITH A 125-CARAT DIAMOND AT LETSENG
Gem Diamonds has announced the recovery of a 125 carat high quality white, Type IIa diamond. The diamond was recovered on December 20 from the Letšeng mine in Lesotho; it is the 15th diamond greater than 100 carats to be recovered in 2018.
On December 19, the miner announced the recovery of two high quality, white Type IIa diamonds from Letšeng: a 101 carat stone and a 71 carat stone, both recovered within a 24-hour period at Letšeng.
Back in November, Gem Daimonds published its production and sales performance report for Q3 (July 1 to September 30, 2018), showing a rise of 27% in diamond production at Letšeng totaling 35,755 carats. Revenue for the period totaled $21 million, including the sale of eight diamonds for more than $1 million each.