Wednesday

Gem Diamonds to establish Lesotho manufacturing facility

London-listed Gem Diamonds was in the process of establishing an in-country manufacturing facility for its flagship Lesotho-based Letšeng mine to further develop downstream activities.

The facility, which was expected to process certain categories of the mine's rough diamond production, using proprietary diamond processing technology, would be completed during the second half of 2013.

The mine would, as part of the development of Letšeng's downstream activities and capabilities, ramp up to full production by 2014.

Read more: Gem Diamonds to establish Lesotho manufacturing facility