| Two Diamonds Larger Than 100 Carats Each Found in Lesotho Mine | |
| | |
|
Gem Diamonds Ltd. has discovered two huge diamonds, each bigger than 100 carats, at its Lesotho mine in southern Africa. It unearthed the 117 carat and 110 carat D color Type IIa diamonds at the Letseng mine, Gem said in a statement on Monday. Type IIa diamonds contain very little or no nitrogen atoms and are the most expensive stones. The company’s stock rose as much as 8.2 percent in London trading. It’s a good start to the year following Gem’s discovery of at least seven stones bigger than 100 carats in 2017 and five the year before. It recovered a dozen diamonds bigger than 100 carats in 2015. Still, recent finds don’t compare with the largest at Letseng, renowned for the quality and size of its stones. Gem sold a 357-carat stone for $19.3 million in 2015 and in 2006 found the 603-carat Lesotho Promise. More from Bloomberg.com: This Businesswoman Made $2 Billion in Just Four Days Diamond Co. also had a good new year, announcing on Monday that it had discovered 103 carat and 83 carat diamonds at its operations in Angola. The company’s biggest-ever find was a 404 carat stone that sold for $16 million in 2016." data-reactid="28">Lucapa Diamond Co. also had a good new year, announcing on Monday that it had discovered 103 carat and 83 carat diamonds at its operations in Angola. The company’s biggest-ever find was a 404 carat stone that sold for $16 million in 2016. More from Bloomberg.com Read Two Diamonds Larger Than 100 Carats Each Found in Lesotho Mine on bloomberg.com |
|
Read the rest of the article at
https:
|
Gem diamonds limited
|
|
PRODUCER |
CODE : GEMD.L |
ISIN : VGG379591065 |
|
| |
ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Gem Diamonds is a diamonds producing company based in United kingdom. Its main assets in production are ELLENDALE in Australia and LETSENG in Lesotho, its main assets in development are GOPE in Botswana, CEMPAKA in Indonesia and MAMBÉRÉ in Central African Republic and its main exploration properties are CHIRI in Angola and MBELENGE and LUBEMBE in Congo Dem. Rep. of. Gem Diamonds is listed in United Kingdom. Its market capitalisation is GBX 1.2 billions as of today (US$ 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 24, 2024 at GBX 8.50. Gem Diamonds has 138 361 000 shares outstanding. |