RAPAPORT… Gem Diamonds has recovered a 161-carat rough stone, the first over 100 carats it has reported this year.
It found the high-quality, white, type IIa diamond on March 21
at its Letšeng mine in Lesotho, the company said Friday.
Last year, Gem Diamonds found 15 stones weighing more than
100 carats, a record for the company. That haul included the 910-carat Lesotho
Legend, which sold for $40 million.
In February, the miner also found a 13.33-carat pink
diamond, which it sold to Graff for $8.8 million, or $656,933 per carat.
Image: The 161-carat diamond. (Gem Diamonds)
Gem Diamonds Unearths 161ct. Rough
The Bottom Line
- Gem Diamonds discovered a 161-carat, high-quality, white, type IIa diamond on March 21 at the Letšeng mine in Lesotho.
- This is the company's first reported stone over 100 carats in 2024, following a record 15 such finds in 2023.
- In February, Gem Diamonds sold a 13.33-carat pink diamond to Graff for $8.8 million, or $656,933 per carat.
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