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.

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.