Saturday, 16 October 2021

B Business

The world of diamonds: World’s fifth largest diamond discovered in Lesotho

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A diamond thought to be the fifth largest of gem quality ever found has been discovered in Lesotho, miner Gem Diamonds said Monday, and could be worth as much as $40 million.

 

The D-color stone at the Letseng mine in the landlocked southern African country is described as a 910-carat which is of “exceptional quality”.

Ben Davis, a mining analyst at Liberum Capital, speculated in a research note to investors that the diamond could be worth as much as $40 million. 

Gem Diamonds shares in London were up 14 percent from the market open to £0.92 apiece.

 

 

 

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