RAPAPORT… Gem Diamonds has recovered a 442-carat, type II diamond from the Letšeng mine in Lesotho, claiming the stone ranks among the largest gem-quality rough discovered this year.
“The recovery of this remarkable 442-carat diamond, one of the world’s largest gem-quality diamonds to be recovered this year, is further confirmation of the caliber of the Letšeng mine and its ability to consistently produce large, high-quality diamonds,” CEO Clifford Elphick said.
Letšeng is known for its large diamonds, with its most famous stone being the 910-carat Lesotho Legend, which Gem Diamonds sold for $40 million in 2018. So far this year, the mine has yielded a 183-carat diamond recovered in February, and subsequently two stones weighing 114 and 88 carats.
A portion of the sale from the latest discovery will fund a special community project, as agreed with the government of Lesotho, Gem Diamonds said. The government owns a 30% stake in Letšeng.
Image: The 442-carat rough diamond discovered at the Letšeng mine. (Gem Diamonds)
Letšeng Yields 442ct. Diamond
The Bottom Line
- Gem Diamonds extracted a 442-carat type II diamond from Letšeng, reinforcing the mine's reputation for producing large, high-quality stones.
- Letšeng has yielded several significant diamonds this year, including stones of 183, 114, and 88 carats.
- Part of the proceeds from the 442-carat diamond sale will support a community project in Lesotho, reflecting the government's 30% stake in Letšeng.
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