The Baselworld fair has received much criticism in recent years, but one of the final shows before its public implosion appears to have facilitated a diamond deal that counts among the biggest in history. Antwerp-based manufacturers Taché and Samir Gems came to the March 2018 exhibition with the exquisite Lesotho Legend, a 910-carat, type IIa diamond … Read more
Africa-focused Gem Diamonds has found a 125 carat rough stone at its Letšeng mine in Lesotho, the miner’s second rock over 100 carats mined this year. The company, known for the recovery of large, high quality stones in 2020, has seen output of high quality diamonds surpassing the 100 carat mark become less frequent over … Read more
Africa focused Gem Diamonds has found a 129 carat rough stone at its Letšeng mine in Lesotho, the miner’s first one over 100 carats mined this year. The high quality white diamond was recovered at the site over the weekend, Gem Diamonds said. The company, known for the recovery of large, high quality stones in … Read more
Gem Diamonds’ revenue in Q1 2022 (ending March 2022) has gone up 4% quarter-on-quarter and 19% year-on-year to $52.1 million, IDEX Online reports. The miner, which owns 70% of the Letseng mine in Lesotho, sold 28,461 carats during the quarter – a rise when compared to the 24,790 carats it sold in the previous quarter. … Read more
Gem Diamonds has recovered a 370-carat rough stone in Lesotho, the second over 100 carats in one week. The “high-quality,” white, type II diamond came from the company’s Letšeng mine, known for producing large diamonds, it said Monday. The new find follows the discovery of a high-quality, 254-carat, white, type II diamond the miner reported … Read more
Gem Diamonds has announced the recovery of a high quality 254 carat Type II, white diamond, from the Letšeng mine in Lesotho, the highest dollar per carat kimberlite diamond mine in the world. “It is pleasing to see that carat production during the Q1,2021 is up some 11% on the same period in 2020 and … Read more
Gem Diamonds announced Thursday that the company produced 29,010 carats at its Letšeng mine in Lesotho, which is 11% more than in Q1 2020 – 26,110 carats. The company’s revenue for the period was US$43.9 million Q1 2020 – US$47.3 million and an average price achieved for the period was US$1,630 per carat Q1 2020 … Read more
Diamond mining and marketing company Gem Diamonds is advancing innovative technologies that reduce diamond damage by extracting rock nonmechanically and being able to see diamonds in a certain size of rock, Gem CEO Clifford Elphick said on Thursday when the London-listed company reported positive operational and financial results, the Covid-19 pandemic notwithstanding. On revenue of … Read more
A small diamond miner that has dug some of the world’s most valuable gems from a mountainous African kingdom has found another huge stone. Gem Diamonds Ltd. said Friday it had an unearthed a 442-carat diamond at its Letseng mine in Lesotho. While it’s hard to establish a price for such stones before cutters can evaluate them, … Read more
Commenting on the results, Clifford Elphick, CEO of Gem Diamonds, says: “Gem Diamonds delivered solid operational results which together with the targeted gains of the Business Transformation programme and continued emphasis on cost controls, confirmed our status as one of the lowest-cost producers in the industry.” “The operational results were characterised by the achievement of … Read more