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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
Gem Diamonds Lowers Full-Year Outlook
Gem Diamonds has reduced its sales guidance for the year, asa problem with its high-value satellite pipe has forced it to mine from thelower-value portion of its Letšeng mine in Lesotho. The miner now...
Mining Nov 06, 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
Gem Diamonds
Gem Diamonds Unearths 127ct. Rough
Gem Diamonds has recovered a diamond weighing 127 caratsfrom its Letšeng mine in Lesotho. The miner found the D-color, type II stone on September 11,it said Monday. The diamond is the fourth white stone of that...
Mining Sep 18, 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
Graff Lesotho Pink ring 150
Graff Reveals Polished Lesotho Pink
Graff has unveiled the polished pink diamond it cut from the13.33-carat rough it purchased from Gem Diamonds in March. The jeweler set the pear-shaped, 5.63-carat, fancy-vivid-purplish-pinkstone in a rose-gold ring. Two pear-shaped shoulder stones, from...
Polished Markets Aug 25, 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
Gem Diamonds
Gem Diamonds Unearths 135ct. Yellow
Gem Diamonds has recovered a 135-carat yellow at its Letšengmine in Lesotho, the third significant colored-diamond discovery at the depositthis year. The company retrieved the high-quality, type I stone on June21, three months after the mine...
Mining Jun 25, 2019 Rapaport News
Gem Diamonds
Gem Diamonds Offloads Ghaghoo Mine
Gem Diamonds has sold its Ghaghoo mine in Botswana for $5.4million, following a two-year search for a buyer. Pro Civil, a Botswana-based company, will acquire the asset, which has been on care and maintenance since...
Mining Jun 20, 2019 Rapaport News
Gem Diamonds
Letšeng Mine Yields 134ct. Yellow
Gem Diamonds has unearthed a 134-carat yellow, the second significant colored diamond it has found this year. It discovered the high-quality, type I stone on March 31 at its Letšengmine in Lesotho, the company said Sunday. The last...
Mining Apr 01, 2019 Rapaport News
Gem Diamonds
Gem Diamonds Unearths 161ct. Rough
Gem Diamonds has recovered a 161-carat rough stone, the first over 100 carats it has reported this year. It found the high-quality, white, type IIa diamond on March 21at its Letšeng mine in Lesotho, the...
Mining Mar 24, 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’ Letšeng Mine Yields 13ct. Pink
Gem Diamonds has recovered a high-quality, 13.33-carat pinkdiamond in Lesotho. The type I diamond was unearthed earlier this month at its Letšeng mine, and isthe first stone above 10.8 carats the company has reported...
Mining Feb 20, 2019 Rapaport News
Gem Diamonds
Letšeng Sales Fall Amid Lower-Quality Output
Gem Diamonds’ sales slumped in the fourth quarter as theminer produced fewer valuable stones at its Letšeng mine. Proceeds fell 40% year on year to $41.7 million in the threemonths ending December 31, the miner said...
Mining Feb 07, 2019 Rapaport News
Gem Diamonds
Gem Diamonds Signs Off 2018 with 125ct. Find
Gem Diamonds has recovered a 125-carat diamond at its Letšengmine in Lesotho, bringing the company’s annual haul of 100-carat-plus stones to15. It found the high-quality, white, type IIa diamond onDecember 20, shortly after unearthing two...
Mining Jan 01, 2019 Rapaport News
Composite Top 10 Diamonds 150
The Biggest and Priciest Diamonds of 2018
As the year comes to a close, Rapaport News takes alook back at the largest rough stones miners unearthed in 2018, and thediamonds that fetched the highest prices at auction.Colossal findsThe 910-carat Lesotho Legend, which Gem...
Polished Markets Dec 27, 2018 Rapaport News
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