Gem Diamonds finds 114-carat diamond in Lesotho
By Digital Look
Date: Friday 07 Apr 2017
(ShareCast News) - Shares in Gem Diamonds are up more than 4% after it recovered a 114 carat diamond from the Letseng mine in Lesotho.
The stone was D-colour, Type II and of exceptional quality.
Gem Diamonds said the Letseng mine was known for the production of large, top-colour, exceptional white diamonds.
The mine was the highest dollar-per-carat kimberlite diamond mine in the world.
Since 2006, the mine has produced four of the 20 largest gem-quality white diamonds ever recorded.
At 12:33 GMT, shares in Gem Diamonds were up 4.2% to 93p each, and off earlier highs.
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London EC3R 6EN