Gem Diamonds Mining News

Gem Diamonds nets $8.8 million for 13.3 carat pink rock

The price per carat was $657,000 — a record for a diamond found at Gem’s Letšeng mine in Lesotho.

Gem Diamonds posts record results, but withholds dividend

The company cited uncertainty about the global diamond industry as one of the main reasons for choosing not to pay a divvy.

Gem Diamonds finds from iconic Lesotho mine drop, shares slump

The company unearthed three of the 15 diamonds over 100 carats it found in 2018 in Q4, but carat recovery dropped by 17% to 29,523 ct in the period.

Gem Diamonds finds record 14 stones over 100 carats in 2018

Miner is ending 2018 on a high note after finding another two large diamonds from its Letšeng mine in Lesotho, the world’s highest dollar per carat diamond operation.

Gem Diamonds revises up full-year output target as recoveries on the rise

So far in 2018, Gem has found thirteen diamonds over 100 carats, two of which were found in the third quarter.

Gem Diamonds big discoveries reach a dozen

The company that digs the world’s most valuable diamonds may soon become the one that also finds the biggest.

Record-breaking stones boost Gem Diamonds sales

The 10 rough, larger-than-100-carats diamonds produced at Letšeng led the hike.

Gem Diamonds finds ninth big diamond from Letšeng

With the discovery, the miner has already exceeded the total number of diamonds of over 100 carats recovered in 2017.

Sale of 910-carat rock boosts Gem Diamonds revenue, stone prices

The company's revenue jumped a whopping 174% in the first quarter of the year thanks to strong demand for its rough rocks and the sale of a 910-carat diamond, the fifth-largest ever found.

Gem Diamonds soars as it finds seventh giant rock this year

It's a 169-carat, top white colour Type IIa rock diamond dug up at the company's flagship Letšeng mine in Lesotho.

Fifth-largest gem quality diamond in history sold for $40 million

Gem Diamonds found the 910-carat diamond, named "The Lesotho Legend," in January.

Gem Diamonds on fire, finds sixth giant rock this year

Latest discovery is a 152-carat, top white colour Type IIa diamond, dug up at the company's flagship Letšeng mine in Lesotho.

Lucapa recovers first diamonds from Lesotho mine

The largest diamond recovered in the first test run was 6.6 carats.

Gem Diamonds shares up on better sales, prices and string of 100-carat plus rocks

The company, which last month found the world’s fifth-biggest diamond in history at its flagship Letšeng mine in Lesotho, sold 21% more rocks in last quarter of 2017.

Gem Diamonds on a roll, now finds 149-carat rock

The 149-carat, D colour, Type IIa rough diamond is the fourth high quality stone of over 100 carats the company has recovered so far this year at its Letšeng mine.

Gem Diamonds shares on fire as miner finds 910-carat rock

Massive find is believed to be the fifth biggest gem-quality diamond ever found

Gem Diamonds, Lucapa kick off 2018 with massive findings

The rival companies have unearthed three diamonds larger than 100 carats each.

Gem Diamonds finds seventh largest rock this year at Lesotho mine

It's a high quality 202-carat, D colour type IIa rock found at Letšeng mine, the world’s highest dollar per carat kimberlite diamond operation.

Solid demand for large stones boosts Gem Diamonds sales

The company has found six diamonds larger than 100 carats in the first nine months of the year, compared with just four throughout 2016.

Discovery of newsworthy diamonds picks up

Over the last nine years 66 record-breaking and other noteworthy diamonds were recovered, and 61 of those have been found within the last five years.

Gem Diamonds finds another huge diamond at Lesotho mine

Finding follows the recovery of five other diamonds of over 100 carats so far this year at the company's flagship Letšeng mine, in Lesotho.

Botswana seeks option to buy unusually big diamonds from its mines

Draft bill gives government first option to buy unusually large diamonds found in the country's mines, such as the world's second-biggest 1,109 carat diamond discovered by Lucara two years ago.

Gem Diamonds mulls sale of halted Botswana mine as half-year revenue falls

The miner said it remains cautious about the state of the global market for both rough and polished diamonds, noting that financing challenges persist.

World's second-largest diamond 'too big' to sell

Lucara Diamond’s Lesedi La Rona is said to face challenges other rock never do, including its multi-million-dollar price tag and a risky polishing process that can take months or years.

Another huge diamond unearthed in Lesotho mine

The 126-carat is the latest in a string of major discoveries Gem Diamonds have made at Letšeng this year.