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Gem Diamonds Finds 254-Carat Diamond at Letšeng

This is the first 100+ carat diamond found since a 126.9-carat type II diamond in January
254 carat rough diamond
Credit: Gem Diamonds

Gem Diamonds has recovered a huge, 254-carat Type II white diamond from its Letšeng mine in Lesotho, IDEX Online reports. The 254-carat diamond is the first 100+ carat diamond found since a 126.9-carat type II diamond in January. In 2020, diamonds recovered at Letšeng achieved an average value of $1,908 per carat. 

 

Letseng diamond mine
Credit: Gem Diamonds

 

During 2020, despite Covid-related closures of Letšeng between March and May, Gem Diamonds saw an increase in both revenue and profits in 2020.

 

Gem Diamond Letseng mine rough diamond
Credit: Gem Diamonds

 

Since Gem Diamonds acquired the mine in 2006, Letšeng has yielded more than 60 white gem quality diamonds of over 100 carats. In 2008, the 478-carat Light of Letšeng was bought by Graff for $18.4 million. In 2018, an exceptional quality D color Type IIa diamond from Letšeng sold for $40 million at tender in Antwerp



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