Gem unearths 196ct diamond
Wednesday 08 September 2010
Gem Diamonds, the London-listed miner, yesterday unveiled a 196-carat diamond that was found last month at its mine in Lesotho.
The group said that the stone will attract a "substantial price" and that initial tests "indicate that it is expected to produce top colour and top clarity polished diamonds". The Government of Lesotho owns a 30 per cent stake in the mine.
Gem said that since buying the rights to the Letseng project four years ago, the mine has produced three of the world's top 20 biggest diamonds, including the 603-carat Letseng Promise, which was found in August 2006.
The find comes a year after fellow Southern Africa diamond miner Petra unearthed a 507-carat stone from its assets in near Johannesburg.
The Cullinan Heritage, the 19th largest diamond ever found, was sold to a Hong Kong jeweller in February for $35.3m.
- 1 Games of Thrones actor Lena Headey makes emotional promise to her unborn daughter
- 2 Isis burns woman alive for refusing to engage in 'extreme' sex act, UN says
- 3 Puerto Rico, island of lost dreams: People are leaving the debt-hit territory in droves as near neighbour Cuba's star rises
- 4 Female Muay Thai champion hustles coaches to give them a beating
- 5 16-year-old girl beaten and burned alive by lynch mob in Rio Bravo, Guatemala
Isis burns woman alive for refusing to engage in 'extreme' sex act, UN says
Purity balls: Girls in the US making virginity pledges as fathers vow to 'protect purity'
Female Muay Thai champion hustles coaches to give them a beating
Puerto Rico, island of lost dreams: People are leaving the debt-hit territory in droves as near neighbour Cuba's star rises
16-year-old girl beaten and burned alive by lynch mob in Rio Bravo, Guatemala
As a white man, I'm surprised more women aren't tweeting the hashtag #KillAllWhiteMen
Scotland may have to leave the EU even if it votes to stay in, David Cameron confirms
Report finds that Britain's wages are the most unequal in Europe
The day that Britain resigned as a global power
Almost a third of school pupils believe 'Muslims are taking over our country', study claims
SNP fury as HS2 finds 'no business case' for taking fast train service to Scotland
iJobs Money & Business
£40-50K: Guru Careers: We are seeking an experienced Software / C# Developer w...
£45,000 - £55,000: Neil Pavier: Are you looking for your next opportunity for ...
£45,000 - £55,000: Sheridan Maine: Are you a newly qualified ACA/ACCA/ACMA qua...
£50,000 - £60,000: Laura Norton: Are you looking for an opportunity within a w...