Gem Diamonds Finds 12.47-carat Blue Diamond at Letšeng

Gem Diamonds Ltd. (LSE:GEMD) announced that it has recovered a 12.47-carat blue diamond, as well as an 83.8-carat white diamond, from its Lesotho-based Letšeng mine.

As quoted in the press release:

Both of these diamonds are expected to fetch good prices at Letšeng’s tenders held in Antwerp, Belgium.

The blue diamond was recovered from the Main pipe, whereas the 83.8 carat white diamond was recovered from the Satellite pipe.

Clifford Elphick, CEO of Gem Diamonds, commented:

Letšeng continues to recover large, white, largely undamaged diamonds on a relatively consistent basis as well as the occasional rare blue or pink diamond. As mining focuses on the higher value and higher grade Satellite pipe during the latter part of this year, it is expected that Letšeng will continue to produce more of these exceptional diamonds.

Click here to read the full Gem Diamonds Ltd. (LSE:GEMD) press release.