Lesotho mine discovers 2 massive 100 carat diamonds

Published Jan 9, 2018

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JOHANNESBURG - London-listed Gem Diamonds said yesterday it had recovered two large diamonds. 

The company said it had recovered high quality 117 and 110carat, D colour Type IIa diamonds from the Leteng mine in Lesotho. 

Meanwhile, Lucapa Diamond Company, an Australian-listed diamond explorer, also announced the recovery of two large diamonds from the Lulo Diamond Project in Angola.

Also read: WATCH: The diamonds of Africa

Bloomberg reported that Gem Diamonds stock rose as much as 8.2 percent in London trading. It’s a good start to the year following Gem’s discovery of at least seven stones bigger than 100 carats in 2017 and five the year before. It recovered a dozen diamonds bigger than 100 carats in 2015.

London-listed Gem Diamonds said yesterday it had recovered two large diamonds. Image: Gem Diamonds.

Recent finds don’t compare with the largest at Letseng, renowned for the quality and size of its stones. Gem sold a 357-carat stone for $19.3 million in 2015 and in 2006 found the 603-carat Lesotho Promise, according to Bloomberg. 

- BUSINESS REPORT 

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