Proactive Investors - Run By Investors For Investors

Gem Diamonds unveils another +100 carat find

The Letšeng mine's latest treasure is described as a 138 carat, top white colour Type IIa diamond
Diamond from the Letseng mine
It is the latest discovery

Gem Diamonds Limited (LON:GEMD) has unveiled its latest significant diamond find, with the recovery of a 138 carat stone from the Letšeng mine in Lesotho.

Described as ‘the highest dollar per carat kimberlite mine in the world’, Letšeng has yielded another high-value prize.

READ: Gem Diamonds posts record number of 100+ carat diamond recoveries

The London-listed diamond firm told investors that the latest find is a 138 carat, top white colour Type IIa diamond.

It is the twelfth +100 carat to be unearthed at Letšeng this year, which with more than four months still to go is a record breaker for the company.

View full GEMD profile View Profile

Gem Diamonds Timeline

Related Articles

December 31 2018
Bluerock is looking to boost output at Kareevlei by opening up new pits and by bringing new pipes into production
July 24 2018
If it does decide to list in London, Fura will fill the coloured gemstone gap left by the departure of Gemfields
December 21 2018
Richland wants to resume mining at Capricorn or find a buyer for the project

© Proactive Investors 2019

Proactive Investors Limited, trading as “Proactiveinvestors United Kingdom”, is Authorised and regulated by the Financial Conduct Authority.
Registered in England with Company Registration number 05639690. Group VAT registration number 872070825 FCA Registration number 559082. You can contact us here.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use