| Sixth Giant Diamond Find This Year Lifts Fortunes of Little Gem | |
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A small diamond miner that digs for the precious stones in the mountainous kingdom of Lesotho keeps unearthing huge stones. Gem Diamonds Ltd.’s latest discovery is a 152-carat, top white color Type IIa Diamond from its Letseng mine in Lesotho, Southern Africa, the company said Wednesday. It’s the sixth find bigger than 100 carats this year, including a 910-carat stone that’s the fifth biggest in history. The company’s seen a return to form after years of smaller hauls. It found just seven stones bigger than 100 carats for the whole of 2017 and five the year before. Gem’s share price sank to a record low last year as prices sank and it had to close a new mine in Botswana. More from Bloomberg.com: EU Raises Stakes for Trump by Aiming Levies at GOP Heartland The Letseng mine is famous for the size and quality of the diamonds it produces and has the highest average selling price in the world. Gem sold a 357-carat stone for $19.3 million in 2015 and in 2006 found the 603-carat Lesotho Promise. Its diamonds sell for an average of more than $2,000 a carat, the highest in the industry. More from Bloomberg.com Read Sixth Giant Diamond Find This Year Lifts Fortunes of Little Gem on bloomberg.com |
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Gem diamonds limited
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PRODUCER |
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CODE : GEMD.L |
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ISIN : VGG379591065 |
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Gem Diamonds is a diamonds producing company based in United kingdom. Its main assets in production are ELLENDALE in Australia and LETSENG in Lesotho, its main assets in development are GOPE in Botswana, CEMPAKA in Indonesia and MAMBÉRÉ in Central African Republic and its main exploration properties are CHIRI in Angola and MBELENGE and LUBEMBE in Congo Dem. Rep. of. Gem Diamonds is listed in United Kingdom. Its market capitalisation is GBX 1.2 billions as of today (US$ 1.4 billions, € 1.3 billions). Its stock quote reached its highest recent level on February 08, 2008 at GBX 993.50, and its lowest recent point on April 19, 2024 at GBX 8.78. Gem Diamonds has 138 361 000 shares outstanding. |