Gem Diamonds has announced the recovery of a high quality 254 carat Type II, white diamond, from the Letšeng mine in Lesotho, the highest dollar per carat kimberlite diamond mine in the world.
“It is pleasing to see that carat production during the Q1,2021 is up some 11% on the same period in 2020 and the average price of US$1 630 per carat is also slightly up on Q1,2020,” said CEO, Clifford Elphick in last month’s Q1,2021 report.
“Although the production from the mining mix was not as impressive as the second half of 2020, with fewer large diamonds recovered due to the areas accessed under the mining plan, prices achieved on a like for like basis remained strong for Letšeng’s high value diamond production.
“It is anticipated that the mining mix should improve over the coming months as the richer parts of the Satellite pit are accessed in accordance with the mine plan.”
Source: DCLA
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