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Diamond miners shine amid 100+ carat discoveries
Diamond discoveries can be like buses; you wait ages for one to turn up and two come together. Gem Diamonds (GEMD) and Firestone Diamonds (FDI:AIM) have both found stones more than 100 carat in size this month.
Gem Diamonds’ Letseng mine in Lesotho has historically been an excellent source of high quality stones and its latest discovery is a 114 carat diamond.
The number of discoveries at Letseng greater than 100 carats fell to five in 2016 versus 11 in the previous year.
Firestone’s 110 carat yellow diamond found earlier in April is its largest ever discovery, claims chief executive Stuart Brown.