Africa-focused miner Gem Diamonds has unearthed yet another massive white diamond at its prolific Letšeng mine in Lesotho, just days after another major find. The 122.2 carat Type II white diamond was recovered over the weekend and is the eleventh greater than 100-carat precious stone mined this year at the operation, the company said. Sign … Read more
Gem Diamonds finds sixth 100+ carat stone in 2024
Africa-focused miner Gem Diamonds (LON: GEMD) has unearthed a new major Type II white diamond at its prolific Letšeng mine in Lesotho, barely six days after the previous find. The 118.74-carat diamond is the fifth greater than 100-carat precious stone recovered this year at the operation, the company said. Type IIa diamonds are the most … Read more
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
Gem Diamonds has unearthed two large rough stones from its Letšeng mine in Lesotho, marking the fourth and fifth diamonds from the deposit over 100 carats this year. The stones — weighing 245 and 102 carats — are high-quality, white, type II diamonds, the miner said Monday. The company found both stones on the same … Read more
The auction came as the Mountain Kingdom explores how to ensure diamond mines are at least 51 percent-owned by locals, which will include the entry of small-scale miners into the sector. Lesotho’s diamonds are usually auctioned in Antwerp, Belgium. Buyers from as far as the Netherlands and Israel were joined by those from neighbouring South … Read more
Gem Diamonds has recovered a 179 carat rough diamond from its Letšeng mine in Lesotho. The miner found the high quality, type I diamond on Thanksgiving Day, it said last week. The stone is the 16th diamond over 100 carats the company has found this year. Earlier this month, Gem Diamonds unearthed 104 and 111 … Read more
Africa-focused Gem Diamonds became on Wednesday the latest miner to show signs of a slow but steady recovery in the market after showing it had swung to positive cash flow and slashed debt on the back of rising diamond prices. The company reduced its net debt position by $6.6 million in the July-September quarter, ending … Read more
Gem Diamonds has recovered a high quality 233 ct Type II white diamond from its 70% owned Letšeng mine, in Lesotho, the highest dollar per carat kimberlite diamond mine in the world. This follows the recent recovery of a high quality 442 ct Type II diamond, one of the world’s largest gem quality diamonds to … Read more