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Lets’eng Mine Discovers Two Diamonds

Maseru – The Gem Diamonds Ltd. has announced that it has discovered two diamonds bigger than 100 carats at its Lets’eng Mine based in Mokhotlong, bringing the struggling mine a step closer to ending a drought of large stones.

The company says it has unearthed a 104.73 carat D colour type IIa diamond and a 151.52 carat type I yellow diamond at its Lets’eng Mine, saying type IIa diamonds contain very little or no nitrogen atoms and are the most expensive stones.

Up until then, Gem Diamonds Ltd. had reported just one large discovery this year, after unearthing a 114 carat diamond in April, but Lets’eng Mine is renowned for the size and quality of its stones, with an average sales price of almost 26,000 Maloti a carat, the highest in the industry.

While the latest finds will offer some reassurance to investors, they are not even close to the biggest found at Lets’eng Mine, as in 2015, Gem Diamonds Ltd. sold a 357-carat stone for 19.3 million United States Dollars and in 2006 found the 603-carat Lesotho Promise.

Gem Diamonds is a leading global diamond producer of high value diamonds and the company owns 70 percent of the Lets’eng Mine in Lesotho as well as 100 percent of the Ghaghoo Mine in Botswana.

The Lets’eng Mine is famous for the production of large, top colour, exceptional white diamonds, making it the highest dollar per carat kimberlite diamond mine in the world, and since Gem Diamonds acquired the mine in 2006, it has produced four of the 20 largest white gem quality diamonds ever recorded.


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