LETŠENG Diamonds has continued with its spectacular efficiency of recovering high-quality diamonds, with the newest discover being a top quality 370-carat Kind II white diamond, from its mine in Mokhotlong.
Gem Diamonds, which owns 70 p.c of Letšeng Diamonds with the rest being held by the federal government, introduced its newest discover in an announcement this week.
“Gem Diamonds Restricted is happy to announce the restoration of a top quality 370-carat Kind II white diamond from the Letšeng mine in Lesotho, the very best greenback per carat kimberlite diamond mine on the earth,” the corporate stated in its assertion.
This newest diamond discovery comes after one other large discover of a top quality 254-carat Kind II, white diamond on 4 Might 2021.
The finds are the newest within the lengthy line of spectacular performances by the Letšeng Mine which additionally noticed the restoration.
Within the final buying and selling replace detailing Gem Diamonds’ operational and gross sales efficiency from 1 January 2021 to 31 March 2021, it was highlighted that the mine had produced 29 010 carats in the course of the interval below evaluate. It raked in US$43 9 million (about M614, 6 million) in comparison with US$47, 3 million (about M662, 2 million) it obtained throughout the identical interval in 2020.
The typical value achieved for the interval was US$1 630 (about M22 820) per carat for the 26 916 carats offered in the course of the interval. 5 diamonds offered for greater than US$1 million (about M14 million) every producing US$12, 4 million (about M173, 6 million) throughout the identical interval.
Gem Diamonds chief govt officer (CEO), Clifford Elphick stated carat manufacturing in the course of the interval went up 11 p.c.
Though the manufacturing from the mining combine was “not as spectacular because the second half of 2020”, with fewer giant diamonds recovered as a result of areas accessed below the mining plan, costs achieved on a like for like foundation remained robust for Letšeng’s excessive worth diamond manufacturing.
“It’s anticipated that the mining combine ought to enhance over the approaching months because the richer components of the satellite tv for pc pit are accessed in accordance with the mine plan,” Mr Elphick stated.