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Gem Diamonds’ two 160 ct + find

Feb 13th, 2014

Gem Diamonds’ two 160 ct + find

Gem Diamonds today  announced the recovery of two 160+-carat diamonds from the Letšeng mine in Lesotho at the end of January.

Gem Diamonds 162.06

The miner said the two rough diamonds – a 162.06-carat type II stone and a 161.74-carat type I diamond – are each expected to achieve top prices at Letšeng’s February tender.

Both diamonds were recovered in largely undamaged condition, providing further confirmation that the measures which have been implemented to reduce diamond damage at Letšeng are effective, the miner said. “We are pleased to see the Letšeng mine continue to deliver such large high-quality white diamonds as the mine confirms its position as the world’s foremost source of exceptional large diamonds,” said Gem Diamonds CEO, Clifford Elphick. Gem Diamonds holds a 70-percent stake in the Letšeng mine as well as the Ghaghoo mine, currently in development in Botswana.

Since Gem Diamonds’ acquisition of Letšeng in 2006, the mine has produced four of the top-20 largest white gem quality diamonds recorded.

Source:

IDEX

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