Recovery of high quality 126 carat diamond

RNS Number : 2527K

Gem Diamonds Limited

06 July 2017

 

6 July 2017​

GEM DIAMONDS LIMITED

("Gem Diamonds" or "the Company")

Recovery of high quality 126 carat diamond

Gem Diamonds Limited (LSE: GEMD) is pleased to announce the recovery of a high quality 126 carat, D colour Type IIa diamond from the Letšeng mine in Lesotho.

Today's announcement follows the news of the recovery of two high quality diamonds in June 2017, a 104.73 carat diamond and a 151.52 carat yellow diamond from Letšeng, the highest dollar per carat kimberlite diamond mine in the world. 

The Gem Diamonds Limited LEI number is 213800RC2PGGMZQG8L67.

For further information:

Gem Diamonds

Susan Wallace, Company Secretarial department

[e-mail]

Celicourt Communications

Mark Antelme / Joanna Boon

Tel: [phone]

About Gem Diamonds:

Gem Diamonds is a leading global diamond producer of high value diamonds. The Company owns 70% of the Letšeng mine in Lesotho and 100% of the Ghaghoo mine in Botswana. The Letšeng 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. Since Gem Diamonds' acquisition of Letšeng in 2006, the mine has produced four of the 20 largest white gem quality diamonds ever recorded. The Ghaghoo mine in Botswana has been placed on care and maintenance until market conditions allow for recommencement of production. www.gemdiamonds.com

 

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