Gem Diamonds recovers 183 carat diamond from Letseng

Gem Diamonds said on Tuesday that it has recovered an exceptional 183 carat white Type IIa diamond from its Letseng mine in Lesotho.

The company has also recovered two different high-quality diamonds, one of 89 carats and the other of 70 carats, from Letseng.

Berenberg said the 183 carat diamond was likely to fetch more than $5m.

At 1100 GMT, the shares were up 7.4% at 67p.