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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
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
Mazvi Maharasoa
Ex-Letšeng CEO Joins Gem Diamonds Board
Gem Diamonds has appointed Mazvi Maharasoa, the former head of itsLetšeng mining operation in Lesotho, as a non-executive director for the group,it reported Monday. Maharasoa has more than 20 years of senior-management experience,including at Letšeng Diamonds, where...
Mining Jul 01, 2019 Rapaport News
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 13.33ct pink diamond
Letšeng Pink Sells for Almost $9M
Gem Diamonds has announced the sale of a 13.33-carat pinkdiamond, discovered in February at its mine in Lesotho, for $8.8 million. The tender sale, which took place in Antwerp, represents a record per-caratprice of $656,933 for the company,...
Mining Mar 14, 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 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
GIA Mineral
GIA Names New Mineral Crowningshieldite
The Gemological Institute of America (GIA) has discovered anew mineral while studying flaws in large diamonds from the Letšeng mine. The organization named the substance crowningshieldite afterG. Robert Crowningshield. The 50-year GIA...
Research Oct 10, 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
Gem Diamonds 600
Letšeng Produces 101ct. Rough
Gem Diamonds has unearthed a 100.50-carat diamond from its Letšengmine in Lesotho, it said Friday. The white, type IIa stone is the 11th over 100 carats theminer has recovered from the asset so far this...
Mining Jul 29, 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
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
Gem Diamonds
Gem Diamonds Makes Another Big Discovery
Gem Diamonds has recovered a 152-carat stone from its Letšeng mine in Lesotho, the company said Wednesday. The white, type IIa diamond is the sixthstone over 100 carats the miner has unearthed since...
Mining Mar 08, 2018 Rapaport News
Kelebone Leisanyane Letseng Gem Diamonds
New CEO Takes Charge at Letšeng Mine
Gem Diamonds has appointed Kelebone Leisanyane as CEO of LetšengDiamonds, the miner said last week. Leisanyane (pictured), the former CEO of the Lesotho National Development Corporation,took over the position from Jeff Leaver in January....
Mining Feb 14, 2018 Rapaport News
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