RAPAPORT… Gem Diamonds has recovered a diamond weighing 127 carats
from its Letšeng mine in Lesotho.
The miner found the D-color, type II stone on September 11,
it said Monday. The diamond is the fourth white stone of that magnitude, and
the seventh over 100 carats Gem Diamonds has retrieved this year.
The miner recovered a 114.2-carat yellow diamond from the
deposit in August, as well as a 135- and 134-carat yellow earlier this year.
Three white stones, weighing 123.5, 140 and 161 carats, were also unearthed
between March and July.
Last year the miner, known for its recovery of large stones,
discovered 15 diamonds over 100 carats.
Image: The 127-carat rough. (Gem Diamonds)
Gem Diamonds Unearths 127ct. Rough
The Bottom Line
- Gem Diamonds found a 127-carat D-color, type II diamond at Letšeng on September 11.
- This is the fourth white diamond over 100 carats recovered by the company this year.
- Gem Diamonds has retrieved seven diamonds over 100 carats in 2023, continuing its trend from last year.
Summary by Rapaport AI
More Stories

Qatar Diamond Exchange to Collaborate with Italian Bourse
Parties signed MoU to extend connection among their members, broaden cooperation and advance commercial relationships.

China Signs Deal to Reinvigorate Interest in Natural Diamonds
Shanghai Diamond Exchange hosts signing of Beijing Declaration, with government representatives from Botswana, Namibia and South Africa.

AI, Gen Z Are Hot Topics at AGS Conclave
This year’s edition is last to take place in September, as event returns to spring in 2027.
