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Pt 925.50 $/oz Change: -6.49
 

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Lesotho mine delivers another high-value diamond

     15th December 2017 Global diamond producer Gem Diamonds’ Letšeng diamond mine in Lesotho yielded a high-quality 202 ct Type IIa-D colour, the seventh diamond over 100 ct to be recovered this year. The announcement marks the seventh diamond of over 100 ct to be recovered in 2017 from Letšeng. The mine, it is... 

Lesotho’s Letšeng mine recovers several 100-ct-plus diamonds, expects trend to continue

By: Ilan Solomons     15th September 2017 The Letšeng diamond mine, in Lesotho, recovered several diamonds larger than 100 ct during the first half of 2017, with LSE-listed diamond miner Gem Diamonds upbeat that this trend will continue for the remainder of the year. These gems include the 114.38 ct Type II, the 126 ct D-colour Type IIa... 

Lesotho’s Letšeng mine recovers several 100-ct-plus diamonds, expects trend to continue

By: Ilan Solomons     15th September 2017 The Letšeng diamond mine, in Lesotho, recovered several diamonds larger than 100 ct during the first half of 2017, with LSE-listed diamond miner Gem Diamonds upbeat that this trend will continue for the remainder of the year. These gems include the 114.38 ct Type II, 126 ct D-colour Type IIa,... 

Inventory, liquidity headwinds dent Gem Diamonds’ H1 pricing

By: Natalie Greve     30th July 2015 High inventory levels and continued liquidity concerns, paired with global macroeconomic uncertainties, have continued to place pressure on the price of rough and polished diamond prices, denting the realised price of commercial stones recovered at Gem Diamonds’ Ghaghoo mine, in Botswana, for the... 

Gem Diamonds encouraged by Lesotho, Botswana progress

By: Natasha Odendaal     21st May 2015 Despite a “noticeably weaker” first-quarter market, the first three tenders in 2015 for the flagship Letšeng mine, in Lesotho, had generated prices comparable to that of the three tenders in the final quarter of 2014, London-listed Gem Diamonds CEO Clifford Elphick said on Thursday. Providing a... 

Gem Diamonds warns of possible price softening in early 2015

By: Natalie Greve     27th January 2015 Gem Diamonds CEO Clifford Elphick has cautioned that a weakening of diamond prices in the fourth quarter of last year, following a year of price growth, could continue into the first quarter of 2015. The group said on Tuesday that the announcement of the closure of the Antwerp Diamond Bank (ADB)... 

Gem Diamonds lifts Letšeng FY guidance after ‘exceptional’ H1 performance

By: Natalie Greve     29th July 2014 London-listed Gem Diamonds has upped the full-year production guidance for its 70%-owned flagship Letšeng mine, in Lesotho, from between 90 000 ct and 95 000 ct to between 95 000 ct and 100 000 ct, saying on Tuesday that the mine had delivered an “exceptional” performance in the six months ended... 

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