Jul 29, 2019

Gem Diamonds Continues Spree of Recovery of Large Diamonds with a 123.5 Ct Find

United Kingdom headquartered Gem Diamonds, which owns the Letšeng Diamond Mine in Lesotho, has been consistently witnessing the recovery of some notable diamonds from the mine.

On July 20, 2019, the Company recovered a 123.5 carat high quality Type II white diamond. This was the second 100+ carat diamond to be recovered from Letšeng in July; earlier, on the 6th of the month, the mine had yielded a 140 carat high quality diamond. Together with the 161 carat diamond recovered in March, the latest find takes the recovery of 100+ carat white diamonds to three; and, counting the recovery of two large yellow diamonds – weighing134 and 135 carats respectively – the total number of 100+ carat diamonds found at Letšeng this year alone so far, to five.

“Since Gem Diamonds acquired Letšeng in 2006, it has produced over 60 +100 carat, large, top colour, exceptional white diamonds, making it the highest average dollar per carat kimberlite diamond mine in the world,” Gem Diamonds says on its website. “In addition, Letšeng has produced high quality pink and blue diamonds, with a rare blue diamond achieving a sales price of US$ 603,047 per carat in 2013 and an exceptional pink diamond achieving US$ 187,700 per carat in 2016.”

Letšeng is the birthplace of renowned stones such as:  the 910 carat Lesotho Legend; the 603 carat Lesotho Promise; the 550 carat Letšeng Star; and the 493 carat Letšeng Legacy, amongst several others.

Gem Diamonds notes that Letšeng “is renowned for its regular production of large, top colour, exceptional white diamonds, making it the highest average dollar per carat kimberlite diamond mine in the world”.

Pic Cap: The 123.5 carat high quality Type II white diamond recovered on Saturday 20th July

Pic Courtesy: Gem Diamonds