RAPAPORT… Gem Diamonds has recovered a 129-carat rough from its Letšeng mine in Lesotho, the miner’s first stone over 100 carats this year.
The high-quality, white diamond was recovered at the site over the weekend, Gem Diamonds said Monday. The company, which had been known for its recovery of large, high-quality stones, has seen output of those diamonds become more sluggish in the past year.
In 2021, Gem Diamonds recovered six diamonds over 100 carats from Letšeng, compared to 16 in 2020.
Image: The 129-carat diamond. (Gem Diamonds)
Gem Diamonds Unearths 129ct. Rough
The Bottom Line
- Gem Diamonds recovered a 129-carat high-quality white diamond from Letšeng, its first over 100 carats in 2023.
- The Letšeng mine has seen a decline in large diamond recoveries, with only six stones over 100 carats in 2021 versus 16 in 2020.
- The company highlighted the recovery as a notable event amid a slowdown in output of large, high-quality stones.
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