Gem Recovers Third +100-ct Diamond of 2024

By John Jeffay / February 20, 2024 / www.idexonline.com / Article Link

(IDEX Online) - Gem Diamonds is enjoying a reversal in its fortunes after recovering it third +100-ct stone of 2024 - a high-quality 113-ct Type IIa diamond.In the whole of 2023 the UK-based miner recovered a total of just five +100-cts stones, well down on its its long-term average of eight a year.In January Gem recovered two diamonds - weighing 129-cts and 295-cts - from the Letseng mine, in Lesotho, which is the highest dollar per carat kimberlite diamond mine in the world.Earlier this month Gem reported that 2023 revenue ($139.4m) and average per carat prices ($1,334) were down by around a quarter, because of "downward pressure" in the rough market.The mine is 70 per cent owned by Gem and 30 per cent by the Lesotho government.Pic courtesy Gem Diamonds.

Recent News

Mining stock ETFs slide, gold sector valuations high

March 16, 2026 / www.canadianminingreport.com

Rise in oil price a potential net gain for Canada

March 16, 2026 / www.canadianminingreport.com

Gold stocks slump partly on fears of cost increases

March 09, 2026 / www.canadianminingreport.com

Canadian provinces rank high in Fraser Institute Survey

March 09, 2026 / www.canadianminingreport.com

Major producers and most of TSXV gold see strong gains

March 03, 2026 / www.canadianminingreport.com
See all >
Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok