With the discovery, the miner has already exceeded the total number of diamonds of over 100 carats recovered in 2017.
Lesotho Mining News
Stone was recovered from the Neck zone of the Mothae kimberlite, not part of the current one-million carat Joint Ore Reserves Committee-compliant resource.
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.
It's a 169-carat, top white colour Type IIa rock diamond dug up at the company's flagship Letšeng mine in Lesotho.
Gem Diamonds found the 910-carat diamond, named "The Lesotho Legend," in January.
Latest discovery is a 152-carat, top white colour Type IIa diamond, dug up at the company's flagship Letšeng mine in Lesotho.
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.
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.
Massive find is believed to be the fifth biggest gem-quality diamond ever found
The rival companies have unearthed three diamonds larger than 100 carats each.
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.
The company has found six diamonds larger than 100 carats in the first nine months of the year, compared with just four throughout 2016.
DemcoTECH Engineering, designed and supervised construction and commissioning of a materials handling system for the disposal of dry tailings at Liqhobong Diamond Mine in Lesotho in less than a year.
It's a 134 carat gem-quality light yellow diamond recovered at the company's its Liqhobong 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.
The miner said it remains cautious about the state of the global market for both rough and polished diamonds, noting that financing challenges persist.
The 126-carat is the latest in a string of major discoveries Gem Diamonds have made at Letšeng this year.
The last time Gem Diamonds had had made a significant discovery at its Letšeng mine before April this year was in 2015.
The D-colour Type-II diamond is one of the highest-quality stones to come out of the company’s Letšeng mine.
The Africa-focused diamond producer aims to recover 300,000 carats from its Liqhobong mine by the end of the financial year.
The stock shot up 13% in London Wednesday after Firestone announced it had unearthed an 110-carat yellow diamond, it’s biggest find so far at its Liqhobong mine.
The project, which has existing infrastructure, a camp and a diamond processing plant in place, is located just 5km from Letšeng, the highest dollars-per-carat kimberlite diamond mine in the world.
The 10 diamonds, found at the Karowe mine in Botswana, were sold for gross revenues of $33,632 per carat.
The rock, discovered by Lucara in Botswana last year, is second in size only to the Cullinan diamond in the British Crown jewels.
Canada's Lucara Diamond had launched a a competition to name the rock earlier this year.