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Gem Diamonds Recovers 357ct. Rough

Oct 15, 2018 10:25 AM   By Rapaport News
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RAPAPORT...
 Gem Diamonds has unearthed a 357-carat diamond at its Letšeng mine in Lesotho, it said in a Twitter post Monday.

The light-brown stone, which the miner said is of “high quality,” is the 13th rough diamond over 100 carats the company has found this year. It’s the second-largest it has recovered in 2018, after the 910-carat Lesotho Legend it found in January.

That stone — which the company claims to be the fifth-largest gem-quality rough diamond in history — sold for $40 million in March.

Gem Diamonds owns 70% of the Letšeng asset, with the government of Lesotho holding the remaining 30%.

Image: The 357-carat light-brown diamond. (Gem Diamonds)
Tags: Gem Diamonds, Lesotho, Lesotho Legend, Letšeng, Letšeng mine, Rapaport News
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