Gem Diamonds Limited announced the recovery of a remarkable 123.20ct Type II White Diamond recovered at the Letšeng mine in Lesotho on 29 June 2024. This is the eighth greater than 100 carat diamond recovered in 2024.
The Letšeng mine is located in the Maluti Mountains of Lesotho and is renowned for its recovery of large, high quality, exceptional Type II diamonds.
Among these diamonds recovered are the 910 carat, Lesotho Legend, the 603 carat, Lesotho Promise, the 550 carat, Letšeng Star and the 493 carat Letšeng Legacy. Letšeng has also produced high-quality pink and blue diamonds, with a rare blue diamond achieving a sales price of US$603 047 per carat in 2013 and an exceptional pink diamond achieving US$656 934 per carat in 2019.
Letšeng ranks in the top 10 global diamond producers by revenue. The large high value greater than 100 carat diamonds from Letšeng account for 70% to 80% of the Group’s revenue annually.
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