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442 ct Diamond
Letšeng Yields 442ct. Diamond
Gem Diamonds has recovered a 442-carat, type II diamond from the Letšeng mine in Lesotho, claiming the stone ranks among the largest gem-quality rough discovered this year. “The recovery of this remarkable 442-carat diamond,...
Mining Aug 23, 2020 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
Letseng Gem Diamonds 115ct Sept 2017
Letšeng Mine Yields 115ct. Diamond
Gem Diamonds has unearthed a 115-carat rough diamond, asthe company’s shift to a more lucrative part of its Letšeng mine continues toyield an improvement in recoveries of large stones.The D-color, type-IIa diamond is the sixth stone above100 carats...
Mining Sep 19, 2017 Rapaport News
Ghaghoo mine Gem Diamonds
Gem Diamonds Mulls Ghaghoo Sale
Gem Diamonds is considering an offer for its Ghaghoo mine in Botswana after discontinuing the operation earlier in the year due to a slump in prices.“Shareholders are advised that an offer to acquire 100% of the Ghaghoo asset has been...
Mining Aug 17, 2017 Rapaport News
Letseng
Letśeng Average Prices Slide
Gem Diamonds reported average prices at its Letśeng mine in Lesotho dropped 16 percent in the first half due to a shift in mining to lower-value but higher-grade areas. The price fell to $1,899 per carat from $2,264 a carat...
Mining Jul 19, 2016 Rapaport News
Graff Vendôme
Graff Reveals 105ct. Flawless Diamond in Paris
Graff Diamonds unveiled a pear, 105.07-carat, D, flawlessdiamond which was cut and polished by the jeweler’s own gemologists from arough stone discovered in Lesotho last year.The rough was recovered in May 2015 at Gem Diamonds’ Letšengmine,...
Retail Jun 21, 2016 Rapaport News
Gem Diamonds Logo
Gem Diamonds Sees Revenue Drop in 1H
Gem Diamonds said sales in the first six months of 2015 were $118 million versus $148.9 million a year earlier, according to a company filing to the London Stock Exchange.In the first half of the year, the...
Mining Aug 19, 2015 Rapaport News
Gem Diamonds
Gem Diamonds' 1H Revenue Falls 28%
Gem Diamonds’ revenue declined 28 percent year on year to $106.3 million in the first half that ended on June 30 2015, hurt by reduced production and lower prices received for commercial-quality rough diamonds. The average price...
Mining Jul 30, 2015 Ronen Shnidman
Letseng Mine
Letšeng Sales -9% Between January and May 2015
Gem Diamonds reported that its sales of diamonds from the Letšeng mine in Lesotho garnered $77.1 million at an average price of $2,146 per carat during the first three tenders of the year that took place...
Mining May 21, 2015 Avi Krawitz
Letseng Mine
Letšeng Mine Operations Not Affected by Lesotho Political Crisis
Gem Diamonds reported that the unfolding political crisis in Lesotho has not disrupted operations at its flagship Letšeng mine located in the country.Lesotho's Prime Minister Thomas Thabane, fled the country on Saturday for South...
Mining Sep 02, 2014 Deena Taylor
Letseng Mine
Gem Diamonds Recovers 198ct. Type IIa Diamond at Letšeng
Gem Diamonds reported that it recovered a 198-carat, type IIa diamond from the Letšeng mine in Lesotho at the end of July 2014.The company explained that the diamond, is exceptional white and displays no florescence. The diamond...
Mining Aug 05, 2014 Avi Krawitz
Letseng Mine
Gem Diamonds Sees Rising Prices at Letseng Tenders
Gem Diamonds Limited reported that revenue from the Letšeng mine in Lesotho rose 75 percent year on year to $81.9 million from the first three diamond tenders of the year. Sales by volume rose 4 percent to 30,060...
Mining May 12, 2014 Ronen Shnidman
Letseng +160ct Jan 2014
Gem Diamonds Recovers Two Large Diamonds at Letšeng
Gem Diamonds recovered a 162.06-carat, type II diamond (pictured) and a 161.74-carat, type I diamond from the Letšeng mine in Lesotho at the end of January.Both diamonds were mostly undamaged in the extraction process, which verifies that measures...
Rough Markets Feb 13, 2014 Deena Taylor
Letseng Mine
Gem Diamonds' 2012 Revenue -34%, Loss at $77M
Gem Diamonds reported that revenue fell 34 percent year on year to $202.1 million in 2012 ‎despite achieving record production at its flagship Letšeng mine. The average price for rough ‎diamonds sold from Letšeng fell...
Mining Mar 12, 2013 Avi Krawitz
Gem Diamonds Goods
Gem Diamonds 1H Revenue -8%
Gem Diamonds reported revenue fell 8 percent year on year to $180.2 million in the ‎first half of 2012 as rough diamond demand softened. Net profit slumped 51 ‎percent to $24.9 million for the period. ‎The mining company...
Mining Aug 21, 2012 Avi Krawitz
Rough Diamond Sorting
The Rough Reality of 2012‎
The 2011 global production data published by the Kimberley Process (KP) last week ‎presented a vastly different market scenario than what is the reality today. Then again, a ‎very different atmosphere has engulfed the...
Rough Markets Aug 10, 2012 Avi Krawitz
Letseng Mine
Gem Diamonds Reviews Letšeng Expansion Due to Weak Market
Gem Diamonds said it may delay its development projects in Lesotho and Botswana as rough diamond ‎prices fell in the second quarter due to weak economic conditions. ‎‎“The global macroeconomic climate and in particular the ongoing...
Rough Markets Jul 30, 2012 Avi Krawitz
Letseng Mine
Letšeng's Rough Diamond Prices Soar in 1H
Gem Diamonds more than doubled sales from its Letšeng mine in the first half of 2011 as prices for high-quality rough diamonds soared during the period. The company reported that Letšeng sales rose...
Rough Markets Jul 25, 2011 Avi Krawitz
Letseng Mine
Gem Diamonds Profits Rise 43% in 2010
Gem Diamonds reported that net profits rose 43 percent to $36.2 million in 2010 and group revenues increased 9 percent to $266.4 million, driven by higher rough prices achieved in the fourth quarter. “During the year Gem...
Rough Markets Mar 15, 2011 Avi Krawitz
Letseng Mine
Letšeng Mine Achieves Record Prices in 4Q
Gem Diamonds achieved record prices from its Letšeng mine during the fourth quarter of 2010 which helped boost sales from the mine by 62 percent year on year to $80.7 million, according to an updated trading statement....
Rough Markets Jan 24, 2011 Avi Krawitz
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