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Gem Diamonds
Gem Diamonds Tender Prices Drop 18%
Prices at Gem Diamonds’ latest small-stone tender dropped 18% versus its previous sale in November due to the coronavirus pandemic and subsequent economic crisis, the company said Thursday.“The results of the Letšeng small-diamond tender...
Mining Mar 19, 2020 Rapaport News
Miners coronavirus
Production Continues as Miners Fight Virus Impact
Alrosa, Petra Diamonds and Lucara Diamond Corp. are among the companies putting special procedures in place in preparation for a possible coronavirus outbreak, while still continuing operations at their mines.Alrosa, which has not had...
Mining Mar 19, 2020 Leah Meirovich
gem diamonds rough in tweezers 150 new
Gem Diamonds Profit Falls in 2019
Gem Diamonds’ profit dropped last year amid lower large-stone recoveries and a drop in the average price.Profit for the year fell 77% to $10.6 million, compared with $46.6 million the previous year, the...
Mining Mar 12, 2020 Rapaport News
Gem Diamonds
Gem Diamonds Retrieves Another Five Big Stones
Gem Diamonds has recovered five large, high-quality stones at its Letšeng mine in Lesotho, continuing a strong first quarter for the company’s production.The company unearthed four white diamonds weighing 88, 56, 53 and 33 carats...
Mining Mar 08, 2020 Rapaport News
Gem Diamonds
Letšeng Mine Yields 114ct. Rough
Gem Diamonds has recovered a white diamond weighing 114 carats at its Letšeng mine in Lesotho, the second stone over 100 carats the miner has found this year, it said Tuesday.The company unearthed the...
Mining Mar 04, 2020 Rapaport News
Gem Diamonds
Gem Diamonds Sees Sales Decline in 2019
A drop in the recovery of large stones and a decline in the average price achieved for rough from the Letšeng mine led to a decline in sales for Gem Diamonds in 2019.Proceeds fell 32% to $182.1 million, the miner...
Mining Feb 16, 2020 Rapaport News
Gem Diamonds 183 Carat 150
Gem Diamonds Unearths 183ct. Rough
Gem Diamonds has recovered a white diamond weighing 183 carats at its Letšeng mine in Lesotho, the first stone over 100 carats the miner has found this year.The company unearthed the type IIa,...
Mining Feb 04, 2020 Rapaport News
Gem Diamonds
Gem Diamonds Digs Up 114ct. Yellow
Gem Diamonds has recovered a 114-carat yellow diamond at itsLetšeng mine in Lesotho, the fourth of that color above 100 carats this year. The miner found the type I stone on Monday, a week afterunearthing a 93.5-carat, high-quality...
Mining Dec 10, 2019 Rapaport News
Gem Diamonds
Gem Diamonds Firm on No-Dividend Policy
Nearly a quarter of Gem Diamonds’ shareholders voted againstreelecting CEO Clifford Elphick to the company’s board, in an effort to force approval of share buybacks and dividends. The board directors opposed implementing those measures because of the current...
Mining Dec 01, 2019 Rapaport News
Gem Diamonds
Letšeng Yields Two Diamonds Above 100ct.
Gem Diamonds has recovered two diamonds weighing more than100 carats from its Letšeng mine in Lesotho. The miner found a 120-carat, high-quality, white, type IIa diamond onNovember 20, and a 125-carat, low-quality stone...
Mining Nov 24, 2019 Rapaport News
Gem Diamonds
Gem Diamonds Lowers Full-Year Outlook
Gem Diamonds has reduced its sales guidance for the year, asa problem with its high-value satellite pipe has forced it to mine from thelower-value portion of its Letšeng mine in Lesotho. The miner now...
Mining Nov 06, 2019 Rapaport News
Gem Diamonds
Letšeng Yields 161ct. Rough
Gem Diamonds has recovered a diamond weighing 161carats from its Letšeng mine in Lesotho. The miner found the “high-quality” white, type IIa stone onOctober 28, it said. Including this rough, Gem Diamonds has...
Mining Oct 29, 2019 Rapaport News
Letseng diamonds
Lesotho Renews Letšeng Lease
Gem Diamonds has obtained a 10-year lease to continue miningat the lucrative Letšeng deposit in Lesotho, but will haveto pay a larger proportion of its sales proceeds to the government. The southern African kingdom has also...
Mining Oct 06, 2019 Rapaport News
Gem Diamonds
Gem Diamonds Unearths 127ct. Rough
Gem Diamonds has recovered a diamond weighing 127 caratsfrom its Letšeng mine in Lesotho. The miner found the D-color, type II stone on September 11,it said Monday. The diamond is the fourth white stone of that...
Mining Sep 18, 2019 Rapaport News
Gem Diamonds
Drop in Large Stones Dents Gem Diamonds
Gem Diamonds’ profit fell in the first half of the year, asthe volume of large stones unearthed at its Letšeng mine in Lesotho hassignificantly declined from last year. Profit plunged 75% to $6.6 million for the...
Mining Sep 05, 2019 Rapaport News
Gem Diamonds
Letšeng Mine Yields 114ct. Yellow
Gem Diamonds has recovered its third yellow diamond over 100carats this year, following a two-year dearth of stones in that hue and size. The miner found the 114.2-carat rough on August 22 at itsLetšeng mine in Lesotho,...
Mining Aug 26, 2019 Rapaport News
Graff Lesotho Pink ring 150
Graff Reveals Polished Lesotho Pink
Graff has unveiled the polished pink diamond it cut from the13.33-carat rough it purchased from Gem Diamonds in March. The jeweler set the pear-shaped, 5.63-carat, fancy-vivid-purplish-pinkstone in a rose-gold ring. Two pear-shaped shoulder stones, from...
Polished Markets Aug 25, 2019 Rapaport News
Gem Diamonds
Slow Market Dents Gem Diamonds Results
Revenue at Gem Diamonds fell in the first half of the yearamid weakness in the market. Sales of rough diamonds from the Letšeng mine in Lesotho plunged 44% to $94.5 million by value, and dropped10% to 55,714 carats by volume,...
Mining Aug 18, 2019 Rapaport News
Gem Diamonds
Letšeng Yields 124ct. Rough
Gem Diamonds has recovered a diamond weighing 123.5carats, its third white stone over 100 carats this year, and its second thismonth. It found the high-quality, type II stone at its Letšeng minein Lesotho on July...
Mining Jul 23, 2019 Rapaport News
Gem Diamonds 140 carat 150
Gem Diamonds Unearths 140ct. Rough
Gem Diamonds has recovered a white diamond weighing 140carats, the second over 100 carats it has reported this year. It found the high-quality stone on July 6 at its Letšeng mine in Lesotho, the company said Monday.In...
Mining Jul 16, 2019 Rapaport News
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