Letšeng Mine Yields 115ct. Diamond

RAPAPORT… Gem Diamonds has unearthed a 115-carat rough diamond, as
the company’s shift to a more lucrative part of its Letšeng mine continues to
yield an improvement in recoveries of large stones.



The D-color, type-IIa diamond is the sixth stone above
100 carats that Gem Diamonds has found this year at its high-value mine in
Lesotho. In 2016, the miner only recovered five diamonds of this size,
resulting in a 22% drop in revenue.



In the second quarter of this year, the company switched
focus to the higher-grade K6 portion of Letšeng’s main pipe, enabling a higher
recovery rate of large diamonds.