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British firm discovers 2 exceptional large diamonds from Lesotho mine
Last Updated: 2014-02-13 23:39 | Xinhua
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British diamond miner Gem Diamonds with operations in Botswana and Lesotho announced on Thursday the discovery of two exceptional large gems exceeding 160 carat each.

According to Gem Diamonds, the two huge diamonds, a 162.06 carat type II diamond and a 161.74 carat type I diamond, were unearthed from its Let?eng mine in Lesotho at the end of January 2014. They are each expected to achieve top prices at Let?eng's February tender.

"We are pleased to see the Let?eng mine continue to deliver such large high quality white diamonds as the mine confirms its position as the world's foremost source of exceptional large diamonds," said Clifford Elphick, the Chief Executive Officer of Gem Diamonds.

He said both diamonds were recovered in largely undamaged condition, providing further confirmation that the measures which have been implemented to reduce diamond damage at Let?eng are bearing fruit.

Gem Diamonds announced at the end of September last year discovery of a rare 12.47 carat blue diamond and a 82 carat white diamond of "exceptional quality" from the Let?eng mine. The two diamond were later sold at record prices, with the blue diamond at 7.5 million US dollars and the white one fetching 4.8 million dollars.

Let?eng is Gem Diamonds' 70 percent owned mine in Lesetho famous for production of large, top color, exceptional white diamonds, making it the highest dollar per carat kimberlite diamond mine in the world.

"Since Gem Diamonds' acquisition of Let?eng in 2006, the mine has produced four of the top twenty largest white gem quality diamonds recorded," said the company.

Gem Diamonds is currently developing the Ghaghoo diamond mine in central Botswana. Ghaghoo's total carat resource is estimated at 20.5 million carats. Two blue diamonds were recovered from samples during the valuation work at the project.

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