The Letšeng mine
London-listed Gem Diamonds notes in a trading update for the first quarter of this year that it sold 32 571 ct of diamonds recovered from its 70%-owned Letšeng mine, in Lesotho.
This represents a 15% increase on the 28 402 ct sold in the fourth quarter of 2023.
Carat recoveries, however, decreased by 5% quarter-on-quarter to 30 506 ct.
Nevertheless, the mine continued to deliver large diamonds, with three weighing more than 100 ct each recovered and sold during the quarter under review.
Sales for the quarter included five diamonds that sold for more than $1-million each, generating revenue of $18.6-million.
The highest price achieved in the period was $39 345/ct for a 113.11 ct white diamond.