Gem Diamonds Unearths 115ct. Rough

By Rapaport News / May 22, 2018 / www.diamonds.net / Article Link

RAPAPORT... Gem Diamonds has recovered a 115-carat rough stone from its Let??engmine in Lesotho, it said Tuesday. The white, type IIa stone is the ninth over 100 carats the miner has foundthis year. In comparison, the company unearthed a total of eight stones of that magnitude last year, and five in 2016. In January, Gem Diamonds recovered the 910-carat LesothoLegend, which it claimed was the fifth-largest rough stone found in history.The miner sold the diamond in March for $40 million, or $43,912 per carat. The company, which is known for producing large diamonds fromits Let??eng asset, reported strong demand for special-size stones -those above 10.8 carats - in the last two quarters.

Recent News

Smaller juniors still financed even in more cautious market

January 13, 2025 / www.canadianminingreport.com

Gold stocks shrug off equity market decline on metal gain

January 13, 2025 / www.canadianminingreport.com

Geopolitical risk outlook unclear after US election

January 06, 2025 / www.canadianminingreport.com

Low valuations offer a cushion to mining sector

January 06, 2025 / www.canadianminingreport.com

Polarized gold and iron ore moves, moderate aluminum and copper gains

December 30, 2024 / www.canadianminingreport.com
See all >
Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok