Gem Diamonds Rises After Unearthing 100-Carat Stone in Lesotho
This article is for subscribers only.
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.
Gem rose as much as 7.7 percent, the steepest intraday gain since Sept. 6, and traded at 121.5 pence at 8:13 a.m. The diamond is the third stone larger than 100 carats found at Letseng since May, Gem said in a statement today.