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Gem Diamonds 150
Letšeng Yields Two More Large Stones
Gem Diamonds has recovered an additional two large, high-quality diamonds from its Letšeng mine in Lesotho.An “exceptional” quality, 166-carat, type II diamond was unearthed last week, the same day the company found a yellow...
Mining Sep 21, 2020 Rapaport News
Gem Diamonds 143ct 150
Gem Diamonds Continues Large-Stone Streak
Gem Diamonds has recovered two large, high-quality diamonds from its Letšeng mine in Lesotho, the company said this week.A 162-carat white diamond was unearthed on September 7, while a 143-carat, type II stone was discovered...
Mining Sep 08, 2020 Rapaport News
Gem Diamonds
Gem Diamonds Incurs First-Half Loss
Gem Diamonds fell into the red in the first half of 2020 as the coronavirus crisis froze the rough market and restricted the company’s sales.The net loss of $113,000 — compared with a $9.7 million profit...
Mining Sep 06, 2020 Rapaport News
Gem Diamonds
Pandemic Punctures Sales at Letšeng Mine
Revenue at Gem Diamonds fell in the first half of the year amid a temporary shutdown of its mine and weak demand due to the coronavirus.Sales of rough diamonds from the Letšeng mine in Lesotho dropped 22% to $74...
Mining Jul 30, 2020 Rapaport News
Gem Diamonds Letseng
Gem Diamonds Notes Solid Rough Demand
Gem Diamonds reported a rise in the average selling price for the first half of 2020, noting that appetite for its goods had improved at a recent tender in Antwerp.“The results of the latest tender for Letšeng’s...
Rough Markets Jun 18, 2020 Rapaport News
Gem Diamonds
Big-Stone Recoveries Return as Letšeng Reopens
Gem Diamonds has recovered a number of large, high-quality stones at its Letšeng mine in Lesotho, all found in the first week after production resumed following the COVID-19 lockdown.They include a 60-carat, light-yellow, type I diamond, and...
Mining May 05, 2020 Rapaport News
Gem Diamonds
Gem Diamonds Restarts Letšeng Operations
Gem Diamonds will recommence full operations at its Letšeng deposit in Lesotho after the government permitted the mining sector to reopen despite a national lockdown.The company will start production on Monday, implementing special health-and-safety measures...
Mining Apr 26, 2020 Rapaport News
Gem Diamonds
Gem Diamonds Sales Drop in First Quarter
Gem Diamonds’ revenue slipped in the first quarter, as the coronavirus weighed on the average price of rough diamonds from its Letšeng mine in Lesotho. “Prices for Letšeng’s diamonds have been negatively impacted in March 2020...
Mining Apr 21, 2020 Rapaport News
Gem Diamonds
Gem Diamonds Tender Prices Drop 18%
Prices at Gem Diamonds’ latest small-stone tender dropped 18% versus its previous sale in November due to the coronavirus pandemic and subsequent economic crisis, the company said Thursday.“The results of the Letšeng small-diamond tender...
Mining Mar 19, 2020 Rapaport News
Gem Diamonds
Letšeng Mine Yields 114ct. Rough
Gem Diamonds has recovered a white diamond weighing 114 carats at its Letšeng mine in Lesotho, the second stone over 100 carats the miner has found this year, it said Tuesday.The company unearthed the...
Mining Mar 04, 2020 Rapaport News
Gem Diamonds
Gem Diamonds Sees Sales Decline in 2019
A drop in the recovery of large stones and a decline in the average price achieved for rough from the Letšeng mine led to a decline in sales for Gem Diamonds in 2019.Proceeds fell 32% to $182.1 million, the miner...
Mining Feb 16, 2020 Rapaport News
Gem Diamonds
Gem Diamonds Digs Up 114ct. Yellow
Gem Diamonds has recovered a 114-carat yellow diamond at itsLetšeng mine in Lesotho, the fourth of that color above 100 carats this year. The miner found the type I stone on Monday, a week afterunearthing a 93.5-carat, high-quality...
Mining Dec 10, 2019 Rapaport News
Gem Diamonds
Letšeng Yields Two Diamonds Above 100ct.
Gem Diamonds has recovered two diamonds weighing more than100 carats from its Letšeng mine in Lesotho. The miner found a 120-carat, high-quality, white, type IIa diamond onNovember 20, and a 125-carat, low-quality stone...
Mining Nov 24, 2019 Rapaport News
Gem Diamonds
Letšeng Yields 161ct. Rough
Gem Diamonds has recovered a diamond weighing 161carats from its Letšeng mine in Lesotho. The miner found the “high-quality” white, type IIa stone onOctober 28, it said. Including this rough, Gem Diamonds has...
Mining Oct 29, 2019 Rapaport News
Letseng diamonds
Lesotho Renews Letšeng Lease
Gem Diamonds has obtained a 10-year lease to continue miningat the lucrative Letšeng deposit in Lesotho, but will haveto pay a larger proportion of its sales proceeds to the government. The southern African kingdom has also...
Mining Oct 06, 2019 Rapaport News
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
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