RAPAPORT… Gem Diamonds has recovered a 125-carat rough from its Letšeng mine in Lesotho, its second stone over 100 carats this year.
The high-quality, white diamond was unearthed at the site on May 31, Gem Diamonds said Thursday. The discovery comes hot on the heels of a high-value, 129-carat rough the miner found the week before.
The recovery of the two stones follows a long period of sluggishness in the miner’s retrieval of diamonds over 100 carats. The company is known for its high-value goods.
Last year, Gem Diamonds unearthed six stones over 100 carats from Letšeng, compared to 16 in 2020.
Image: The 125-carat rough. (Gem Diamonds)
Letšeng Yields Second Rough over 100ct. This Year
The Bottom Line
- Gem Diamonds found a 125-carat white rough diamond at Letšeng on May 31.
- This is the second rough diamond over 100 carats recovered by the company in 2023, following a 129-carat stone found the previous week.
- The recent finds break a period of fewer large stones, with six diamonds over 100 carats recovered in 2022 compared to 16 in 2020.
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