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Letšeng Yields 12th Huge Stone in Record Haul
Aug 15, 2018 10:20 AM
By Rapaport News
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RAPAPORT... Gem Diamonds has recovered a 138-carat stone from its Letšeng
mine in Lesotho, bringing the company’s total number of 100-carat-plus
discoveries this year to a record 12.
The type lla rough diamond has top-white color, the miner
said Wednesday. With this find, the company has surpassed the 11 exceptionally large diamonds it unearthed in 2015.
Earlier this year, Gem Diamonds recovered the 910-carat
Lesotho Legend, which the company claimed to be the fifth-largest rough stone in
history. It sold for $40 million in March.
Gem Diamonds’ recovery of large stones has boosted its
financial results. Revenue jumped 43% year on year in the first half of 2018, with a 33%
increase in the average price per carat.
The miner owns 70% of the Letšeng asset, with the government
of Lesotho holding the remaining 30%.
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Tags:
100-carat-plus, Gem Diamonds, Lesotho, Lesotho Legend, Letšeng, Letšeng mine, Rapaport News
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