RAPAPORT… Gem Diamonds has unearthed a 100.50-carat diamond from its Letšeng
mine in Lesotho, it said Friday.
The white, type IIa stone is the 11th over 100 carats the
miner has recovered from the asset so far this year.
Gem Diamonds owns 70% of the Letšeng mine, with the state
holding the remaining shares. The company also owns the Ghaghoo mine in
Botswana, which it plans to sell.
Letšeng Produces 101ct. Rough
The Bottom Line
- Gem Diamonds extracted a 100.50-carat white, type IIa diamond from the Letšeng mine.
- This is the 11th diamond over 100 carats recovered from Letšeng in 2024.
- Gem Diamonds holds a 70% stake in Letšeng; the remaining shares belong to the Lesotho government.
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