Gem Diamonds
Gem Diamonds is a leading global diamond producer known for recovering some of the world’s largest and highest-quality rough stones, primarily from its Letšeng mine in Lesotho. The company plays a significant role in the supply of premium rough diamonds, influencing pricing and availability across the luxury jewellery sector. Jewellery Focus covers Gem Diamonds’ production updates, sales performance, strategic developments, and sustainability practices—providing UK trade professionals with insights into upstream market dynamics and sourcing trends affecting the diamond supply chain.
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Sep- 2015 -15 SeptemberInternational
357-carat white diamond sold for $19.3m
British global diamond mining business, Gem Diamonds Limited, has announced that an exceptional 357-carat white diamond has been sold $19.3 million. The diamond, which was recovered from the Letšeng mine in July this year, went on tender in Antwerp last week. Gem Diamonds CEO, Clifford Elphick, said: “The Letšeng mine has produced…
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Aug- 2015 -21 AugustCurrent Affairs
Gem Diamonds cites challenging diamond market as profits fall
UK-based diamond production firm Gem Diamonds has been affected by the challenging diamond market as profits fell in the first half of the year. In its first-half financial report for the six months ending June 30, 2015, Gem Diamonds reported that its pre-tax profits fell from $56.2m (£35.7m) in the…
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Jun- 2015 -8 JuneInternational
WFDB to discuss co-operation with new Diamond Producers’ Association
The president of the World Federation of Diamond Bourses (WFDB) has said the upcoming presidents meeting between his body and the International Diamond Manufacturers’ Association will be used as an opportunity to discuss cooperating with the new Diamond Producers’ Association (DPA). Ernie Blom said: “I am looking forward to meeting some…
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May- 2015 -28 MayInternational
Big 7 diamond miners to form association
Seven of the world’s leading diamond mining companies have announced plans to form a new Diamond Producers Association (DPA). The founding members – ALROSA, De Beers, Rio Tinto, Dominion Diamond Corporation, Lucara Diamond Corporation, Petra Diamonds, and Gem Diamonds – said they will work together to “support the development of…
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Oct- 2014 -2 OctoberManufacturers
Gem Diamonds’ 198ct white diamond sold for £6.6m
Gem Diamonds, owner of the Letšeng mine in Lesotho, has announced the sale of its 198ct white diamond for $10.6m (£6.6m). The recovery of the Type II, D colour diamond was announced on 5 August, and was sold at the company’s Letšeng tender in September. Clifford Elphick, CEO of Gem…
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Aug- 2014 -6 AugustInternational
Letšeng recovers exceptional 198 carat diamond
Gem Diamonds Limited has announced that it recovered a 198 carat, white type IIa diamond from the Letšeng mine in Lesotho at the end of July. This exceptional white, high quality diamond displays no florescence and is expected to achieve an exceptional price when sold this year. Gem Diamonds CEO, Clifford…
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Oct- 2011 -28 OctoberUncategorized
The Letšeng Star sold for £10.2 million
Gem Diamonds has announced the sale of the world’s 14th largest white diamond on record. Sold into a profit sharing arrangement, the 550 carat, type lla, D colour rough diamond was recovered at the company’s Letšeng mine on 19 August 2011. Known as the Letšeng Star, it is the fourth…
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