Gem Diamonds Finds Huge 114-Carat Diamond at Letšeng

More good news from the Letšeng mine in Lesotho: Gem Diamonds has announced the recovery of a high-quality white diamond weighing 114 carats – the second diamond bigger than 100 carats it has found this year.

In February, Gem Diamonds recovered an exceptional 183 carat white Type IIa diamond from Letšeng. On the same day (February 3), the company also recovered two different high quality diamonds – one of 89 carats and the other of 70 carats, from the same mine.

Recently, Gem Diamonds said that it increased its revenue for the last quarter of 2019 (ended December 31) by 41% quarter-over-quarter, selling $51.3 million in rough diamonds. In addition, average price achieved for the period jumped 21% quarter-over-quarter to $1,713 per carat. Carats sold during Q4 increased 17% to 29,945 (Q3 2019: 25 631).

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