 100-carat white diamond discovered in Lesotho June 26, 2013 - 21:57 AMT PanARMENIAN.Net - Gem Diamonds Ltd. rose the most in more than nine months in London trading after discovering a 100-carat white diamond at its Letseng mine in Lesotho, Bloomberg reported. Gem rose as much as 7.7 percent, the steepest intraday gain since Sept. 6, and traded at 121.5 pence at 8:13 am. The diamond is the third stone larger than 100 carats found at Letseng since May, Gem said in a statement today. “Following recent sales, we believe that this stone could fetch offers greater than $5 million,” Numis Securities Ltd. said in a note to investors. Letseng, once operated by De Beers, was bought by Gem in 2006 for $118.5 million. The mine has produced some of the world’s biggest diamonds including the 603-carat Lesotho Promise, the largest diamond unearthed this century, and a 550-carat stone that was discovered in 2011. Gem said that its average selling price was $2,087 a carat in June compared with $1,599 a carat in its first three tenders of 2013.   Top stories David Vardanyan is the son of former Karabakh leader Ruben Vardanyan who who is currently imprisoned in Azerbaijan. The number of state universities will be reduced from 23 to 8 by 2030, Minister of Education, Science, Culture and Sport Zhanna Andreasyan has said. From September 21 to November 11, a total of 2,820 Russians registered at a place of residence in Armenia, the police has said. The situation on the contact line between Karabakh and Azerbaijan was relatively stable overnight, the Defense Army says.   Partner news |  Latest news Ucom General Director gives lecture at French University in Armenia  The General Director of Ucom Ralph Yirikian delivered a lecture at the French University of Armenia.Kazakhstan welcomes Yerevan, Baku’s agreement to meet in Almaty Kassym-Jomart Tokayev has welcomed the agreement of Baku and Yerevan to hold negotiations in Almaty.Armenia offers to temporarily host, preserve Gaza manuscripts The Armenian Foreign Minister has said Yerevan is ready to help preserve manuscripts from the conflict zone in Gaza.Aliyev says no need for mediators in Armenia-Azerbaijan process Azerbaijani President Ilham Aliyev believes that Baku and Yerevan do not mediators in the process of normalizing relations. |
