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Gem Diamonds
Large-Stone Recoveries Fall at Gem Diamonds
Gem Diamonds’ revenue faltered during the first quarter, as it recovered fewer large diamonds from its Letšeng mine. Sales plunged 51% to $51.9 million for the three months ending March 31, as the average...
Mining May 12, 2019 Rapaport News
Gem Diamonds
Gem Diamonds Unearths 161ct. Rough
Gem Diamonds has recovered a 161-carat rough stone, the first over 100 carats it has reported this year. It found the high-quality, white, type IIa diamond on March 21at its Letšeng mine in Lesotho, the...
Mining Mar 24, 2019 Rapaport News
Gem Diamonds
Large Stones Boost Gem Diamonds Results
Gem Diamonds’ sales and profit increased in 2018 as the miner produceda record number of large stones at its Letšeng mine, including the 910-caratLesotho Legend. Revenue rose 25% to $267.3 million for the year, the...
Mining Mar 13, 2019 Rapaport News
Gem Diamonds
Gem Diamonds’ Letšeng Mine Yields 13ct. Pink
Gem Diamonds has recovered a high-quality, 13.33-carat pinkdiamond in Lesotho. The type I diamond was unearthed earlier this month at its Letšeng mine, and isthe first stone above 10.8 carats the company has reported...
Mining Feb 20, 2019 Rapaport News
Gem Diamonds
Letšeng Sales Fall Amid Lower-Quality Output
Gem Diamonds’ sales slumped in the fourth quarter as theminer produced fewer valuable stones at its Letšeng mine. Proceeds fell 40% year on year to $41.7 million in the threemonths ending December 31, the miner said...
Mining Feb 07, 2019 Rapaport News
Gem Diamonds
Gem Diamonds Signs Off 2018 with 125ct. Find
Gem Diamonds has recovered a 125-carat diamond at its Letšengmine in Lesotho, bringing the company’s annual haul of 100-carat-plus stones to15. It found the high-quality, white, type IIa diamond onDecember 20, shortly after unearthing two...
Mining Jan 01, 2019 Rapaport News
Composite Top 10 Diamonds 150
The Biggest and Priciest Diamonds of 2018
As the year comes to a close, Rapaport News takes alook back at the largest rough stones miners unearthed in 2018, and thediamonds that fetched the highest prices at auction.Colossal findsThe 910-carat Lesotho Legend, which Gem...
Polished Markets Dec 27, 2018 Rapaport News
Gem Diamonds
Gem Diamonds Unearths 101ct. and 71ct. Stones
Gem Diamonds has recovered two large diamonds within a 24-hour period at its Letšeng mine in Lesotho, the company said Wednesday. The high-quality stones are white, type IIa diamonds weighing 101 carats and...
Mining Dec 19, 2018 Rapaport News
Gem Diamond
Gem Diamonds Recovers 357ct. Rough
Gem Diamonds has unearthed a 357-carat diamond at its Letšengmine in Lesotho, it said in a Twitter post Monday. The light-brown stone, which the miner said is of “highquality,” is the 13th rough diamond over 100 carats the company...
Mining Oct 15, 2018 Rapaport News
Gem Diamonds Letseng
Large Stones Prove Profitable for Gem Diamonds
Gem Diamonds swung to a profit in the first half of theyear, boosted by the sale of large, high-quality stones from its Letšengmine in Lesotho. Profit was $24.2 million for the period ending June 30,versus a loss of $2.9...
Mining Sep 05, 2018 Rapaport News
Gem Diamonds
Letšeng Yields 12th Huge Stone in Record Haul
Gem Diamonds has recovered a 138-carat stone from its Letšengmine in Lesotho, bringing the company’s total number of 100-carat-plusdiscoveries this year to a record 12. The type lla rough diamond has top-white color, the minersaid...
Mining Aug 15, 2018 Rapaport News
910ct 600
Large Stones Lift Gem Diamonds Results
Revenue at Gem Diamonds rose in the first half of the yearas higher recoveries of large stones boosted the average selling price. Sales jumped 43% to $169.2 million by value and, by volume,climbed 8% to 61,696 carats, the miner...
Mining Aug 05, 2018 Rapaport News
Gem Diamonds 115ct
Gem Diamonds Unearths 115ct. Rough
Gem Diamonds has recovered a 115-carat rough stone from its Letšengmine in Lesotho, it said Tuesday. The white, type IIa stone is the ninth over 100 carats the miner has foundthis year. In comparison, the...
Mining May 22, 2018 Rapaport News
Lesotho
910ct. Stone Fuels Gem Diamonds Sales
Gem Diamonds’ revenue nearly tripled in the first quarteramid strong demand for its rough and the sale of the fifth-largest diamond inhistory. Revenue surged 174% year on year to $106.2 million for thethree months...
Mining Apr 26, 2018 Rapaport News
Gem Diamonds 150
Gem Diamonds Jumps Back into Black
Gem Diamonds returned to profit last year, after thedevaluation of an underperforming mine drove it to a loss in 2016. The miner recorded a net profit of $17.2 million for 2017,versus a loss of $144.1 million in 2016, it said Wednesday. The 2016...
Mining Mar 14, 2018 Rapaport News
Lesotho
910ct. Lesotho Diamond Sells for $40M
Gem Diamonds has sold the Lesotho Legend, the 910-caratstone it unearthed at its Letšeng mine in January, for $40 million, the company said Tuesday. The miner claims the D color, type IIa stone —which...
Mining Mar 13, 2018 Rapaport News
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