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Key Facts: 550 cts (pre-boiling 553 cts, World's 14th largest white diamond (documented, D colour, Type IIa, No fluorescence Read more
Gem Diamonds Limited (GEMD) has seen media reports of army activity in Maseru, Lesotho but, at this stage, our management in Lesotho report that Maseru is calm and there is no disruption whatsoever at the company’s Letseng mine which is situated some 4 hours from Maseru in the mountains. It is not anticipated that there will be any impact upon operations at Letseng nor upon any of the company’s sales and marketing operations in respect of the Letseng production.
a leading global diamond producer with diamond mining operations in Lesotho and Botswana
The most sought after diamonds are Type IIa Flawless diamonds. Type II diamonds have superior optical properties and have a superior overall polish to Type I diamonds.
Diamonds are formed billions of years ago under extreme heat and pressure conditions, deep within the Earth's mantle at a depth of between 100 -200 km below the surface of the Earth. They are brought to the surface of the Earth by kimberlite explosions.
Gem Diamonds selects a limited number of its high end diamonds for cutting and polishing for its own account and outsources the computer analysis and manufacturing of these to some of Antwerp's top diamond manufacturing service providers. Gem Diamonds also partners with certain high end diamond manufacturers to manufacture some of Letšeng's select diamond production, to take a position higher up the value chain, closer to the end consumer, in order to gain a greater share of the total value yield.