Gem Diamonds recovers 233 carat diamond from Letseng mine
Gem Diamonds Ltd. (DI)
11.35p
16:35 07/11/24
5.58%
0.60p
Gem Diamonds has recovered a high quality 233 carat Type II white diamond from its Letseng mine in Lesotho.
Mining
11,474.12
17:04 07/11/24
-0.16%
-18.76
This follows the recent recovery of a high quality 442 carat Type II diamond, one of the world's largest gem quality diamonds to be recovered this year.
Shore Capital said these two diamonds should provide a "welcome and much-needed boost to Gem’s FY20 financial results, given this year’s particularly tough market".
At 0820 BST, the shares were up 5.9% at 32.40p.