Gem Diamonds Ltd (LON:GEMD) has recovered an exceptional 183 carat white type-IIa diamond.
The company also recovered two different high quality diamonds, one of 89 carats and the other of 70 carats, from the Letšeng mine in Lesotho, the highest dollar per carat kimberlite diamond mine in the world.
The company’s shares were initially unmoved on the news. Gem shares have lost around two thirds of their value over the past five years, as diamond markets have stagnated. Since listing the shares have lost more than 90% of their value.