Gem Diamonds has now recovered twice as many +100 cts diamond this year than during the whole of 2023.
The UK-based company today announced a 129.71 carat Type II white diamond from its Letseng mine, in Lesotho.
It’s the 10th +100 cts diamond of 2024. Historically the mine averages eight per year, but last year it recovered only five.
The spike in high-value recoveries has helped push up revenue at Gem. Earlier this month it reported a 9 per cent increase in its first half earnings to $77.9m.
Letseng 70 per cent owned by Gem and 30 per cent by the Lesotho government is the highest dollar per carat kimberlite diamond mine in the world.
Pic courtesy Gem Diamonds, shows the 129.71 ct stone.
Source: IDEX