Gem Diamonds Recovers High Quality 80 Carat Diamond At Letšeng In Lesotho

Gem Diamonds Limited (LSE: GEMD) said it has recovered a high-quality 80 carat, D colour Type II diamond from the Letšeng mine in Lesotho.

The announcement follows the news on 7 April of the recovery of a 114 carat diamond from Letšeng, the highest dollar per carat kimberlite diamond mine in the world.

A photograph of this latest high-quality diamond can be found on the Gem Diamonds website.

Commenting on this recovery CEO Clifford Elphick said: “Although this 80 carat diamond is not of the very large size for which Letseng is renowned, it is one of the highest quality diamonds recovered at the Letseng mine and is entirely undamaged making this a significant recovery “.

Gem Diamonds is a leading producer of high-value diamonds. The Group owns the Letšeng mine in Lesotho, and the Ghaghoo mine in Botswana.

The Letšeng mine is renowned for its regular production of large, top colour, exceptional white diamonds, making it the highest average dollar per carat kimberlite diamond mine in the world. Since Gem Diamonds acquired the mine in 2006, Letšeng has produced four of the 20 largest white gem quality diamonds ever recovered.

Gem Diamonds has an organic growth strategy based on enhancing the operating efficiencies of the Letšeng mine and bringing the Ghaghoo mine into full production. Achieving operational excellence through cost reductions and enhancing current production is an essential focus.

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