Gem Diamonds Announces Recovery of 910 Carat D colour Diamond

Photograph credit score Gem Diamonds Ltd

Gem Diamonds share worth jumps following the restoration of an distinctive 910 carat D colour Type IIa diamond from the Letseng Mine.

This week, Gem diamonds introduced the restoration of an distinctive 910-carat diamond from the Letseng mine in Lesotho. This mine stands aside as the very best greenback per carat Kimberlite diamond mine in your entire world. This is considered the fifth larges diamond of its sort ever recovered.

“Since Gem Diamonds acquired Letšeng in 2006, the mine has produced some of the world’s most remarkable diamonds, including the 603 carats Lesotho Promise, however, this exceptional top quality diamond is the largest to be mined to date and highlights the unsurpassed quality of the Letšeng mine. This is a landmark recovery for all of Gem Diamonds’ stakeholders, including our employees, shareholders and the Government of Lesotho, our partner in the Letšeng mine.”

Clifford Elphick, CEO, Gem Diamonds

Gem Diamonds is a world producer of very high-value gem-quality diamonds. With an funding of 70% of the Letseng mine in Lesotho, South Africa their portfolio of diamonds together with the restoration of the Lesotho Promise diamond again in 2006 (603 carats)

Gem Diamonds equates the dimensions of the brand new discovery to roughly the dimensions of two golf balls. It is taken into account one of the costliest varieties of diamond by chemical composition, Type IIa, with a whiteness grade of D colour.

According to RBC Capital Markets, the true worth will solely be recognized as soon as reduce and polished. A mess of components will play out in figuring out the ultimate worth. Much of the sale worth will help the continuing operations of the corporate, however it’s certainly that the invention will present a major increase for the businesses share worth within the brief time period.


About Mark Johnson

Mark co-founded Serendipity Diamonds in 2007 after 20 years working with unfastened diamonds and jewelry. Mark is a eager jewelry and gemstone photographer, blogger and content material author. He works alongside a small workforce of their Ryde showroom and spends his spare time engaged on jewelry pictures tasks and together with his two younger youngsters.

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