Gem Diamond Letseng mine rough diamond

GEM DIAMONDS DISCOVERS A 202-CARAT ROUGH AT LETSENG

Gem Diamonds has announced the recovery of a high quality 202 carat, D colour Type IIa diamond from its Letšeng mine in Lesotho.

 

According to the company, this is the seventh diamond of over 100 carats to be recovered to date in 2017 from Letšeng, “the highest dollar per carat kimberlite diamond mine in the world”.

 

Earlier this month, Gem Diamonds announced that its diamond sales from Letšeng increased 19% year-on-year to $48.1 million in the third quarter ended September 30. Production at Letšeng increased 26% to 30,774 carats. Gem Diamonds said the rise in sales can be attributed to “improved demand for high-value rough diamonds, which benefited prices”. In the first nine months of the year, Letšeng yielded six diamonds larger than 100 carats, compared with just four all through 2016.

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