Gem Diamonds Mining News

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.

Gem Diamonds finds two large rocks at flagship mine in Lesotho

The last time Gem Diamonds had had made a significant discovery at its Letšeng mine before April this year was in 2015.

Gem Diamonds found this high-quality 80-carat rock in Lesotho

The D-colour Type-II diamond is one of the highest-quality stones to come out of the company’s Letšeng mine.

Diamond producers go after Millennials with Oscars-time spot

The target group was the the top diamond consumer in 2015, a year in which most commodities plummeted, hitting the mining industry very hard.

Seven diamond miners form group to fight synthetics

But some believe main challenge will be falling prices and wholesalers difficult access to credit to purchase rough diamonds.

Gem Diamonds: no impact on Letseng from Lesotho crisis

The prime minister of the tiny African nation fled the country over the weekend after what he called a military coup.