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
4,527.24
16:54 04/10/24
n/a
n/a
FTSE Small Cap
6,970.01
16:39 04/10/24
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Gem Diamonds Ltd. (DI)
11.28p
16:44 04/10/24
2.97%
0.33p
Mining
11,521.23
17:14 04/10/24
0.42%
48.51
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.