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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 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
Gem Diamonds 150
Big Stones Lift Gem Diamonds Results
Improved production of large diamonds at the high-value Letšeng mine in Lesotho drove an increase in Gem Diamonds’ sales in 2017. Sales jumped 12% to $206.8 million for the year, the minersaid Friday. While the overall sales...
Mining Feb 04, 2018 Rapaport News
Gem Diamonds Finds 149ct. Stone 150
Letšeng Continues Its Big-Diamond Streak
Gem Diamonds has unearthed its fourth 100-carat-plus diamond this year from its Letšeng mine in Lesotho. The discovery of the D-color, type IIa stone followsthe recovery of a 910-carat, D-color diamond from Letšeng last...
Mining Jan 22, 2018 Rapaport News
Letseng 910ct
Historic 910ct. Diamond Unearthed at Letšeng
Gem Diamonds has recovered a 910-carat diamond from its Letšeng mine in Lesotho, claiming it's the fifth-largest rough ever found. “This is a landmark recovery for all of Gem Diamonds’ stakeholders, including our employees, shareholders...
Mining Jan 15, 2018 Rapaport News
Gem Diamonds 150
Letšeng Sees Large-Stone Recovery
Gem Diamonds has recovered two large rough diamonds at itsLetšeng mine in Lesotho, it said Monday. The “high-quality,” type-IIa stones weigh 117 (pictured) and 110carats, and both have D color, the company noted. The...
Mining Jan 08, 2018 Rapaport News
Gem Diamonds Letseng 202ct rough diamond Nov 2017
Letšeng Finds Seventh Big Diamond of the Year
Gem Diamonds recovered a 202-carat rough diamond at its Letšeng mine in Lesotho, bringing the number of100-carat-plus stones the company has found this year to seven, it said Wednesday. The recovery of the D-color,type-IIa diamond comes...
Mining Nov 23, 2017 Rapaport News
Clifford Elphick Gem Diamonds
Gem Diamonds Enjoying Large-Stone Boom
As a producer of large rough stones, Gem Diamonds relieson high-end consumer demand more than many companies in the industry do.Fortunately for the London-based miner, the recovery of the Asian market thisyear has ensured strong...
Mining Nov 07, 2017 Joshua Freedman
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