Gem Diamonds Limited Recovery of exceptional quality 910 carat diamond (8081B)
January 15 2018 - 1:00AM
UK Regulatory
TIDMGEMD
RNS Number : 8081B
Gem Diamonds Limited
15 January 2018
15 January, 2018
GEM DIAMONDS LIMITED
("Gem Diamonds" or "the Company")
Recovery of exceptional quality 910 carat diamond
Gem Diamonds Limited (LSE: GEMD) is pleased to announce the
recovery of an exceptional quality 910 carat, D colour Type IIa
diamond from the Letšeng mine in Lesotho, the highest dollar per
carat kimberlite diamond mine in the world.
The diamond, the largest recovered from Letšeng, is believed to
be the fifth largest gem quality diamond ever recovered.
Clifford Elphick, Gem Diamonds' Chief Executive Officer,
commented:
"Since Gem Diamonds acquired Letšeng in 2006, the mine has
produced some of the world's most remarkable diamonds, including
the 603 carat Lesotho Promise, however, this exceptional top
quality diamond is the largest to be mined to date and highlights
the unsurpassed quality of the Letšeng mine. This is a landmark
recovery for all of Gem Diamonds' stakeholders, including our
employees, shareholders and the Government of Lesotho, our partner
in the Letšeng mine."
A photograph of the diamond, and further information on the
Company, can be viewed on the Gem Diamonds' website
www.gemdiamonds.com
The Gem Diamonds Limited LEI number is 213800RC2PGGMZQG8L67.
For further information:
Gem Diamonds
Susan Wallace, Company Secretarial department
ir@gemdiamonds.com
Celicourt Communications
Mark Antelme / Jimmy Lea
Tel: +44 (0) 207 520 9261
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.
The remarkable diamonds recovered from Letšeng include:
2006 - Lesotho Promise (603 carat)
2007 - Lesotho Legacy (493 carat)
2008 - Leseli La Letšeng (478 carat)
2011 - Letšeng Star (550 carat)
2014 - Yellow (299 carat)
2015 - Letšeng Destiny (314 carat)
2015 - Letšeng Dynasty (357 carat)
This information is provided by RNS
The company news service from the London Stock Exchange
END
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