Gem Diamonds Recovers 100-Ct. Diamond at Letšeng

Gem Diamonds recovered a 100 carat white, type IIa diamond from the Letšeng mine in Lesotho. Clifford Elphick, Gem Diamonds’ CEO, reported that the company has recovered three diamonds weighing more than 100 carats at Letšeng in the past two months.

Letšeng’s June export achieved an average price of US$2087 per carat, for a total value of US$22m. This compares to an average value of US$1599 per carat which was achieved for the first three tenders in the year.

 

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