Articles for tag: 126.2carat, Diamonds, finds, Gem, Letšeng, stone

September 17, 2024

Ron Finklestien

mining

The Sparkling Discovery: Gem Diamonds Unearths 126.2-Carat Diamond at Letšeng Mine

The Allure of Type IIa Diamonds Within the heart of the Letšeng mine lays a treasure coveted by gem enthusiasts worldwide – the Type IIa diamond. Renowned for their exquisite purity as they possess minuscule to zero nitrogen atoms within their crystalline framework, Type IIa diamonds stand as the pinnacle of coveted precious gemstones. The Magnificent Letšeng Mine Nestled amongst Lesotho’s rugged terrain, the Letšeng mine emerges as a titan among the world’s top diamond operations, ranking within the prestigious list of the ten largest diamond mines globally in terms of revenue generated. Fondly embraced by the clouds, the Letšeng

May 30, 2024

Ron Finklestien

mining

Gem Diamonds finds sixth 100+ carat stone in 2024

Type IIa diamonds are the most valued and collectable precious gemstones, as they contain either very little or no nitrogen atoms in their crystal structure. Boart diamonds are stones of low quality that are used in powder form as an abrasive. The Letšeng mine is one of the world’s ten largest diamond operations by revenue. At 3,100 metres (10,000 feet) above sea level, it is also one of the world’s most elevated diamond mines. Diamond miners are going through a rough patch as US and Chinese demand for diamond jewellery continues to be weak and the popularity of cheaper laboratory grown

March 28, 2024

Ron Finklestien

mining

Exploration of Endeavour’s Former CEO Reveals $15m of Concealed Payments Exploration of Endeavour’s Former CEO Reveals $15m of Concealed Payments

Endeavour recently made public that its former CEO, a French executive, directed undisclosed payments totaling $15 million without board notification. The company stated that these payments were camouflaged as an advance to a contractor. Supported by Egyptian billionaire Naguib Sawiris, Endeavour clarified that de Montessus’ actions led to the company issuing two payments summing up to $15 million to the same entity that previously received $5.9 million. Despite investigations conducted by the miner, no details about the ultimate recipients of these irregular payments have surfaced. “Implausible and Untrue” Claims De Montessus, asserting innocence, admitted to a “lapse in judgment” at