Gem Diamonds finds 114-carat diamond in Lesotho
Shares in Gem Diamonds are up more than 4% after it recovered a 114 carat diamond from the Letseng mine in Lesotho.
FTSE All-Share
4,296.41
17:08 19/04/24
n/a
n/a
FTSE Small Cap
6,331.12
17:04 19/04/24
n/a
n/a
Gem Diamonds Ltd. (DI)
8.62p
15:30 19/04/24
-0.12%
-0.01p
Mining
10,765.51
17:10 19/04/24
0.97%
103.33
The stone was D-colour, Type II and of exceptional quality.
Gem Diamonds said the Letseng mine was known for the production of large, top-colour, exceptional white diamonds.
The mine was the highest dollar-per-carat kimberlite diamond mine in the world.
Since 2006, the mine has produced four of the 20 largest gem-quality white diamonds ever recorded.
At 12:33 GMT, shares in Gem Diamonds were up 4.2% to 93p each, and off earlier highs.