Company
LON:GEMD
Gem Diamonds Limited is a leading global diamond producer of large high value diamonds. The company owns 70% of the Letšeng mine in Lesotho and is currently in the process of selling its 100% share of the Ghaghoo mine in Botswana. The Letšeng mine is famous for the production of large, exceptional white diamonds, making it the highest dollar per carat kimberlite diamond mine in the world.
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The diamond miner reported that it had recovered 10 diamonds greater than 100 carats over the period, including the Lesotho Legend, a high-quality 910 carat diamond
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The diamond, a top white colour Type IIa, is the eleventh diamond over 100 carat diamond to be recovered at the mine so far this year
This week the mining sector brought news of 100-carat diamonds, new discoveries, and rising full-year profits
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The FTSE small cap group said the 115 carat, top white colour Type IIa diamond is the ninth stone of over 100 carats recovered in 2018
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A glance at this week’s top stories from London’s junior miners
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The company's revenues grew as the number of diamonds it sold rose by 14% to 107,152 carats
US workers' pay increased 2.9% year-on-year, compared to expectations of a 2.6% increase.
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The day ahead includes quarterly earnings from BT and AstraZeneca as well as the US non-farm payrolls report
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Week ahead includes updates from FTSE 100 AstraZeneca PLC, BT Group PLC, Royal Dutch Shell PLC, and Unilever PLC, plus a Federal Reserve meeting and January US jobs data
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This is the fourth high quality diamond of more than 100 carats recovered so far this year from Letseng, the highest dollar-per-carat kimberlite diamond mine in the world
A 116 carat low quality boart stone has also been recovered.
Lucapa is a growing diamond company with assets in Angola, Lesotho, Botswana and Australia.
