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Examples
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The Letseng mine is owned by a mining company that is 70 percent owned by Gem Diamonds, with the remaining 30 percent held by the
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The discovery of the gem, which the company said had the potential to become one of the largest round-cut diamonds in the world, was made on September 8 at the Letseng mine in Lesotho.
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Letseng diamond mine, which started operations again in 2004 after
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JCI and Matodzi owns a combined share of 76 percent in Letseng diamonds while the other 24 percent belongs to the government of
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Selling its stake in the Letseng mine - at more than 3,000 metres (9900 feet) the highest diamond mine in the world - JCI and
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The remote Letseng mine, 70% owned by Gem Diamond Mining of South Africa and 30% by the Lesotho government, has the highest percentage of large diamonds, as defined by stones larger than 10 carats, of any known kimberlite mine, which gives it the highest dollar ratio per carat of any mine.
Raw Carats Anyone? 2006
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Local papers are reporting unconfirmed claims that Letseng, known for its quality of gemstone, rather than its quantity, has been used to launder blood diamonds coming from Angola.
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Letseng diamond mine in a deal worth 879 million rand (121 million dollars, 96 million euros).
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The release added that Letseng had produced three diamonds larger than 500 carats in its 50 year existence.
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Letseng is expected to generate revenues of some R230 million a year.
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