Selling prices for 0.3 carat and 0.5 carat diamonds have risen by nearly 15% on a year-on-year basis, according to the RapNet diamond index, a data aggregator run by industry specialist Rapaport. The index also shows one carat stones are now trading at roughly...
By Majirata Latela The ministry of mining is working on opening up diamond mining to (licensed) smallholder miners in a bid to enable Lesotho to finally realise socio- economic growth from the country’s mineral resources. The minister of mining, Serialong Qoo,...
Vaal Reef Mine workers residing in Lesotho received food parcels today from the Lesotho Chamber of Mines in collaboration with the ministry of labour and employment. This after miners came home in April this year when the mines closed doors. The miners have been...
Mining minister Serialong Qoo has announced a new approach that is supported by the government between Mothae Mine and Lucapa Australia company of selling diamonds. He said after discussions between government through ministry of mining and Lucapa Australia, the government has supported an improved...
A 143 carat high quality white Type II diamond recovered at Letšeng on 5 September 2020, which follows the recovery of the 442 and the 233 carat diamonds and highlights the strong operational performance at Letšeng in these difficult times. The Letšeng mine is...
By Kefiloe Kajane In the past two weeks Lesotho’s mining industry has produced some of its biggest diamonds yet - a 442-carat gem and a 233-carat stone. However, this has added to the debate that in spite of its wealth of...
In an interest turn of events, the Commissioner of Mines says the amount of uranium deposits in Lesotho is too small to warrant any exploration and/or eventual largescale mining. This is in contrast to sentiments expressed by the ministry’s department of geological survey last...
The Lesotho Highlands Development Authority (LHDA) has cancelled the prequalification for the construction of the Polihali Dam and Polihali Transfer Tunnel initiated in 2019 and will shortly commence an open tender process for these Phase II water transfer main works.  The decision to go...
Gem Diamonds Limited (LSE: GEMD) is pleased to announce the recovery of a high quality 442 carat Type II diamond from the Letšeng mine in Lesotho, the highest dollar per carat kimberlite diamond mine in the world. Clifford Elphick, CEO of Gem Diamonds, commented:
As the coronavirus pandemic upended the global diamond industry, shuttering mines from Lesotho to Canada and disrupting supply chains, Rajen Patel swapped diamond polishing for peanut farming. Patel, who worked for a decade in India’s Surat where about 80% of the world’s diamonds are...