Gem Diamonds Finds 114-Carat White Gem at Letšeng

Letšeng does it again: Gem Diamonds has announced the recovery of a high-quality 114-carat white Type I diamond from its 70%-owned Letšeng mine in Lesotho, IDEX Online reports.

 

This is the fourth diamond of 100+ carats recovered from the Letšeng mine in recent weeks. On June 11, Gem Diamonds found a 245-carat diamond. On May 23, it unearthed a 129-carat diamond and several days afterwards, on May 31, the miner discovered a 125-carat diamond.

 

In May, Gem Diamonds’ reported that its revenue in Q1 2022 (ending March 2022) went up 4% quarter-on-quarter and 19% year-on-year to $52.1 million. The miner, which owns 70% of the Letšeng mine, sold 28,461 carats during the quarter – a rise when compared to the 24,790 carats it sold in the previous quarter. However, prices fell from $2,018 to $1,831, according to the report.

 

Credit: Gem Diamonds

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