{"id":15825,"date":"2022-06-11T09:34:56","date_gmt":"2022-06-11T09:34:56","guid":{"rendered":"https:\/\/www.africa-press.net\/lesotho\/all-news\/gem-diamonds-unearths-125-carat-diamond-in-lesotho"},"modified":"2022-06-11T10:08:08","modified_gmt":"2022-06-11T10:08:08","slug":"gem-diamonds-unearths-125-carat-diamond-in-lesotho","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/lesotho\/all-news\/gem-diamonds-unearths-125-carat-diamond-in-lesotho","title":{"rendered":"Gem Diamonds unearths 125-carat diamond in Lesotho"},"content":{"rendered":"<p><span style=\"color: #ff6600\"><strong>Africa-Press &#8211; Lesotho. <\/strong><\/span>Africa-focused Gem Diamonds (LON: GEMD) has found a 125-carat rough stone at its Let\u0161eng mine in Lesotho, the miner\u2019s second rock over 100 carats mined this year.<\/p>\n<p>The company, known for the recovery of large, <a href=\"https:\/\/www.&lt;br&gt;&lt;\/p&gt;&lt;p&gt;mining.&lt;br&gt;&lt;\/p&gt;&lt;p&gt;com\/gem-diamonds-finds-254-carat-diamond-at-letseng\/\">high-quality stones in 2020<\/a>, has seen output of high-quality diamonds surpassing the 100-carat mark become less frequent over the past year.<\/p>\n<p>In 2021, Gem Diamonds found only six of such diamonds at Let\u0161eng, compared to the 16 it discovered in 2020. The find comes as prices for small diamonds have jumped about 20% since the start of March, as cutters, polishers and traders struggle to source stones outside Russia.<\/p>\n<p>State-owned Russian miner Alrosa (MCX: ALRS), the world\u2019s top diamond producer by output, was <a href=\"https:\/\/www.&lt;br&gt;&lt;\/p&gt;&lt;p&gt;mining.&lt;br&gt;&lt;\/p&gt;&lt;p&gt;com\/worlds-top-diamond-miner-alrosa-hit-by-us-sanctions\/\">hit with US sanctions<\/a> following Moscow\u2019s invasion of Ukraine.<\/p>\n<p>Higher prices for lower-end stones are good news for miners, but not a game changer, <a href=\"https:\/\/www.&lt;br&gt;&lt;\/p&gt;&lt;p&gt;mining.&lt;br&gt;&lt;\/p&gt;&lt;p&gt;com\/web\/diamond-prices-are-spiking-and-even-de-beers-cant-fill-the-gap\/\">experts say<\/a>.<\/p>\n<p>While every mine is different, a general rule is that 20% of production \u2014 the best stones \u2014 account for about 80% of profits. Since acquiring Let\u0161eng in 2006, the company has found more than 60 white gem quality diamonds over 100 carats each, with 16 of them recovered last year. At an average elevation of 3,100 metres (10,000 feet) above sea level, Let\u0161eng is also one of the world\u2019s highest diamond mines.<\/p>\n<p><strong>For More News And Analysis About <a href=\"https:\/\/www.africa-press.net\/lesotho\">Lesotho<\/a> Follow <a href=\"https:\/\/www.africa-press.net\/\">Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Africa-Press &#8211; Lesotho. Africa-focused Gem Diamonds (LON: GEMD) has found a 125-carat rough stone at its Let\u0161eng mine in Lesotho, the miner\u2019s second rock over 100 carats mined this year. The company, known for the recovery of large, high-quality stones in 2020, has seen output of high-quality diamonds surpassing the 100-carat mark become less frequent [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":15824,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5,8,16],"tags":[233,246,258,245],"class_list":["post-15825","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-homepage-english","category-twitter","tag-africa-press","tag-africa-press-lesotho","tag-company","tag-lesotho"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.1 (Yoast SEO v27.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Gem Diamonds unearths 125-carat diamond in Lesotho - Lesotho<\/title>\n<meta name=\"description\" content=\"Africa-focused Gem Diamonds (LON: GEMD) has found a 125-carat rough stone at its Let\u0161eng mine in Lesotho, the miner\u2019s se ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/lesotho\/all-news\/gem-diamonds-unearths-125-carat-diamond-in-lesotho\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Gem Diamonds unearths 125-carat diamond in Lesotho\" \/>\n<meta property=\"og:description\" content=\"Africa-focused Gem Diamonds (LON: GEMD) has found a 125-carat rough stone at its Let\u0161eng mine in Lesotho, the miner\u2019s se ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/lesotho\/all-news\/gem-diamonds-unearths-125-carat-diamond-in-lesotho\" \/>\n<meta property=\"og:site_name\" content=\"Lesotho\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2022-06-11T09:34:56+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-06-11T10:08:08+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/lesotho\/sites\/62\/2022\/06\/postQueueImg_21-62a4697300309.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"900\" \/>\n\t<meta property=\"og:image:height\" content=\"500\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/lesotho\/all-news\/gem-diamonds-unearths-125-carat-diamond-in-lesotho#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/lesotho\/all-news\/gem-diamonds-unearths-125-carat-diamond-in-lesotho\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/lesotho\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Gem Diamonds unearths 125-carat diamond in Lesotho\",\"datePublished\":\"2022-06-11T09:34:56+00:00\",\"dateModified\":\"2022-06-11T10:08:08+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/lesotho\/all-news\/gem-diamonds-unearths-125-carat-diamond-in-lesotho\"},\"wordCount\":228,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/lesotho\/all-news\/gem-diamonds-unearths-125-carat-diamond-in-lesotho#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/lesotho\/sites\/62\/2022\/06\/postQueueImg_21-62a4697300309.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Lesotho\",\"company\",\"Lesotho\"],\"articleSection\":[\"all news\",\"economy\",\"homepage-english\",\"twitter\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/lesotho\/all-news\/gem-diamonds-unearths-125-carat-diamond-in-lesotho#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/lesotho\/all-news\/gem-diamonds-unearths-125-carat-diamond-in-lesotho\",\"url\":\"https:\/\/www.africa-press.net\/lesotho\/all-news\/gem-diamonds-unearths-125-carat-diamond-in-lesotho\",\"name\":\"Gem Diamonds unearths 125-carat diamond in Lesotho - 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