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A Small Diamond Miner that Keeps Finding Giant Diamonds

Lesotho – the little mine that finds super diamonds - has done it again. This time unearthing a 152-carat diamond, Gem Diamonds Ltd announced this...

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Lesotho – the little mine that finds super diamonds - has done it again. This time unearthing a 152-carat diamond, Gem Diamonds Ltd announced this week. It’s reported to be a top white colour Type IIa diamond from the 70% owned Letseng mine in Lesotho, Southern Africa.

largest diamond found  - credit Gem DiamondsPhoto Credit: Gems Diamond Ltd.

It’s the sixth find that is bigger than 100 carats this year, including the 910-carat diamond this is the fifth biggest in history.

Lesotho is making a name for itself for finding super diamonds - as this small diamond miner digs for diamonds in the mountainous kingdom of Lesotho, it keeps unearthing huge stones, but the mine is famous not only for the size but the quality of its diamonds. The value is yet to be determined and will be only when it is discovered what type of polished stone it eventually produces – but so far, the quality of diamonds from Lesotho has been excellent.

The Letseng mine is famous for the size and quality of the diamonds it produces and has the highest average selling price in the world. Gem Diamonds sold a 357-carat stone for $19.3 million in 2015 and in 2006 found the 603-carat Lesotho Promise. Its diamonds sell for an average of more than $2,000 a carat, the highest in the industry.

   
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