Leteng Yields 126ct. Rough Diamond

By Rapaport News / July 06, 2017 / www.diamonds.net / Article Link

RAPAPORT... Gem Diamonds has recovered a "high-quality" rough diamond weighing 126 carats at its Leteng mine, following a switch to a more lucrative section of the project in Lesotho, the company reported Thursday.The D-color, type-IIa stone is the latest in a string of large discoveries at the mine, which is known for its high-value rough production. Last month, the company found a 104.73-carat, D-color, type IIadiamond and a 151.52-carat yellow diamond. In April and May, Gem Diamonds found three D-color, type IIa rough diamonds weighing 80.58 carats, 98.42 carats and 114 carats respectively.Gem Diamonds shifted focus to the higher-grade K6 portion of Leteng's main pipe in the second quarter, enabling a higher rate of large-diamond discoveries, the company explained in May. This followed a slowdown in 2016, when it unearthed only five stones of 100 carats or more, dragging revenues down by 22%.