Recovery of exceptional quality 910 carat diamondBack
15 January 2018
Gem Diamonds Limited (LSE: GEMD) is pleased to announce the recovery of an exceptional quality 910 carat, D colour Type IIa diamond from the LetĹˇeng mine in Lesotho, the highest dollar per carat kimberlite diamond mine in the world.
The diamond, the largest recovered from LetĹˇeng, is believed to be the fifth largest gem quality diamond ever recovered.
Clifford Elphick, Gem Diamondsâ€™ Chief Executive Officer, commented:
â€śSince Gem Diamonds acquired LetĹˇeng in 2006, the mine has produced some of the worldâ€™s most remarkable diamonds, including the 603 carat Lesotho Promise, however, this exceptional top quality diamond is the largest to be mined to date and highlights the unsurpassed quality of the LetĹˇeng mine. This is a landmark recovery for all of Gem Diamondsâ€™ stakeholders, including our employees, shareholders and the Government of Lesotho, our partner in the LetĹˇeng mine.â€ť
A photograph of the diamond, and further information on the Company, can be viewed on the Gem Diamondsâ€™ website www.gemdiamonds.com
The Gem Diamonds Limited LEI number is 213800RC2PGGMZQG8L67.
For further information:
Gem Diamonds Limited
Susan Wallace, Company Secretarial department
Mark Antelme / Jimmy Lea
Tel: + 44 (0) 207 520 9261
About Gem Diamonds:
Gem Diamonds is a leading global diamond producer of high value diamonds. The Company owns 70% of the LetĹˇeng mine in Lesotho and 100% of the Ghaghoo mine in Botswana. The LetĹˇeng mine is famous for the production of large, top colour, exceptional white diamonds, making it the highest dollar per carat kimberlite diamond mine in the world.
The remarkable diamonds recovered from LetĹˇeng include:
2006 â€“ Lesotho Promise (603 carat)
2007 â€“ Lesotho Legacy (493 carat)
2008 â€“ Leseli La LetĹˇeng (478 carat)
2011 â€“ LetĹˇeng Star (550 carat)
2014 â€“ Yellow (299 carat)
2015 â€“ LetĹˇeng Destiny (314 carat)
2015 â€“ LetĹˇeng Dynasty (357 carat)