RAPAPORT… Gem Diamonds has recovered a 135-carat yellow at its Letšeng
mine in Lesotho, the third significant colored-diamond discovery at the deposit
this year.
The company retrieved the high-quality, type I stone on June
21, three months after the mine yielded a similar quality yellow diamond
weighing 134 carats. Those discoveries follow a two-year gap in the recovery of
yellow diamonds weighing more than 100 carats from Letšeng. In June 2017, the
miner found a 151.52-carat yellow.
Gem Diamonds also unearthed a 13.33-carat pink diamond in
February, which it sold to Graff the following month for $8.8 million, or
$656,933 per carat. In 2018, the company mined a record 15 stones weighing more
than 100 carats.
Image: The 135-carat yellow diamond. (Gem Diamonds)
Gem Diamonds Unearths 135ct. Yellow
The Bottom Line
- Gem Diamonds recovered a 135-carat high-quality yellow diamond on June 21 at the Letšeng mine in Lesotho.
- This discovery follows a 134-carat yellow diamond found three months earlier and a 151.52-carat yellow diamond in 2017.
- In February, Gem Diamonds sold a 13.33-carat pink diamond to Graff for $8.8 million, highlighting strong demand for colored stones.
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