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100-carat diamond found at Letšeng

Gem Diamonds has recovered a 100-carat white diamond from the Letšeng mine in Lesotho.

The Type IIa stone is the third diamond weighing more than 100 carats to be found at the mine since May.

“Mining will steadily increase in the higher-value and higher-grade Satellite pipe in H2 of this year, and it is anticipated that revenues will therefore show a resulting increase,” said Gem Diamonds chief executive officer (CEO), Clifford Elphick.

The company said a 164-carat, D-colour, Type IIa diamond found in the last two months sold for $9 million US into a partnership arrangement, while a 103-carat yellow diamond sold on tender.

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