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Letšeng Finds Seventh Big Diamond of the Year

202-carat rough is another boon for Gem Diamonds.
Nov 23, 2017 3:06 AM   By Rapaport News
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RAPAPORT...
Gem Diamonds recovered a 202-carat rough diamond at its Letšeng mine in Lesotho, bringing the number of 100-carat-plus stones the company has found this year to seven, it said Wednesday.

The recovery of the D-color, type-IIa diamond comes after Gem Diamonds switched to the higher-grade K6 section of the main Letšeng pipe earlier this year. In 2016, the company only found five diamonds with a three-figure carat weight.

The Letšeng mine is one of the highest-value diamond deposits in the world, with the July tender yielding an average price of $2,397 per carat — the highest for the company since September 2015.
Tags: Gem Diamonds, large diamonds, Lesotho, Letseng, Letšeng, mining, Rapaport News
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