Letšeng Bears Two Diamonds over 100cts!

Gem Diamonds has recovered two rough diamonds larger than 100 carats at its Letšeng project in Lesotho amid a shift to a more lucrative section of the mine, the company said Monday.

The heavier of the two, at 151.52 carats, is a yellow, type I diamond. The other is a higher-quality, D-color, type IIa stone weighing 104.73 carats.

While Letšeng is known for producing high-value large diamonds, it yielded only five 100-carat-plus stones in 2016 — compared with 11 in 2015 — dragging down Gem Diamonds’ revenues by 22% and its average selling price for the year by 26%.

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