Gem discovers blue diamond

Suzie Neuwirth
GEM DIAMONDS yesterday said it has recovered a rare 12.46 carat blue diamond and an 83.8 carat white diamond from its Letmine in Lesotho, Africa.

The London-listed firm said both diamonds are expected to fetch good prices at tenders held in Antwerp, Belgium.

RBC Capital Markets has predicted that the miner could earn $6m (£3.7m) for the blue diamond and $25,000-£35,000 per carat for the white diamond.