Miner Finds 442-Carat Diamond That May Be Worth $18 Million

442-Carat Diamond

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

Gem Diamonds recovers 100 diamonds larger than 100 carats

em Diamonds 140 carat rough

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

Gem Diamonds Retrieves Another Five Big Stones

GEM diamonds

Gem Diamonds has recovered five large, high-quality stones at its Letšeng mine in Lesotho, continuing a strong first quarter for the company’s production. The company unearthed four white diamonds weighing 88, 56, 53 and 33 carats between February 28 and March 3. It also found a “top-quality” 13-carat pink diamond. Those are in addition to … Read more

Gem Diamonds Recovers 183-Carat Diamond

Gem diamonds 183 carat rough diamond

Gem Diamonds Limited has announced the discovery of an exceptional 183-carat white Type IIa diamond from the Letseng mine in Lesotho on February 3. The miner also announced that it also recovered two different high quality diamonds, one of 89 carats and the other of 70 carats, from the mine.  The Letseng mine is the … Read more

GEM DIAMONDS OPTIMISTIC ABOUT LARGE DIAMONDS’ PRICES DESPITE MARKET

Gem Diamonds 140 carat rough

Gem Diamonds, which operates the Letšeng diamond mine in Lesotho, has published its sales performance for the first half of the year ended June 20, 2019. Gem Diamonds sold 55,714 carats during the period, achieving an average price of $1,697 per carat – 10% more than the average price for H2 2018. Revenue for the … Read more

Gem Diamonds recovers 140ct. Rough

Gem Diamonds 140 carat rough

Gem Diamonds has recovered a white diamond weighing 140 carats, the second over 100 carats it has reported this year. It found the high-quality stone on July 6 at its Letšeng mine in Lesotho, the company said Monday. In March, it found a 161-carat white diamond at the deposit. The miner recently recovered two yellow … Read more