A model posing with an uncut 1109-carat diamond named 'Lesedi La Rona' at Sotheby's auction house in London. Gem Diamonds Monday said it has found 117 carat and 110 carat D color Type IIa diamonds -- the most expensive variety -- at the Southern African Letseng mine. Ben Stansall /  AFP
A model posing with an uncut 1109-carat diamond named 'Lesedi La Rona' at Sotheby's auction house in London. Gem Diamonds Monday said it has found 117 carat and 110 carat D color Type IIa diamonds -- Show more

Miner unearths diamonds of more than 100 carats in Lesotho



Gem Diamonds has discovered two huge diamonds, each bigger than 100 carats, at its Lesotho mine in southern Africa.

It unearthed the 117ct and 110ct D color Type IIa diamonds at the Letseng mine, Gem said in a statement on Monday. Type IIa diamonds contain very little or no nitrogen atoms and are the most expensive stones.

After the find, the company's stock rose as much as 8.2 per cent in London trading.

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Read more:

UAE buyer acquires Dh4.7 million ring at auction

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It is a good start to the year following Gem's discovery of at least seven stones bigger than 100ct in 2017 and five the year before. It recovered a dozen diamonds bigger than 100ct in 2015.

Still, recent finds does not compare with the largest at Letseng, renowned for the quality and size of its stones. Gem sold a 357ct stone for US$19.3 million in 2015 and in 2006 found the 603ct Lesotho Promise.

Lucapa Diamond Coompany also had a good new year, announcing on Monday it had discovered 103ct and 83ct diamonds at its operations in Angola. The company's biggest-ever find was a 404ct stone that sold for $16m in 2016.

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MATCH INFO

Argentina 47 (Tries: Sanchez, Tuculet (2), Mallia (2), De La Fuente, Bertranou; Cons: Sanchez 5, Urdapilleta)

United States 17 (Tries: Scully (2), Lasike; Cons: MacGinty)

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Starring: Raed Zeno, Hadi Awada, Dr Mohammad Abdalla

Director: Raed Zeno

Rating: 4/5

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COMPANY PROFILE
Name: Almnssa
Started: August 2020
Founder: Areej Selmi
Based: Gaza
Sectors: Internet, e-commerce
Investments: Grants/private funding
Thank You for Banking with Us

Director: Laila Abbas

Starring: Yasmine Al Massri, Clara Khoury, Kamel El Basha, Ashraf Barhoum

Rating: 4/5

Most F1 world titles

7 — Michael Schumacher (1994, ’95, 2000, ’01 ’02, ’03, ’04)

7 — Lewis Hamilton (2008, ’14,’15, ’17, ’18, ’19, ’20)

5 — Juan Manuel Fangio (1951, ’54, ’55, ’56, ’57)

4 — Alain Prost (1985, ’86, ’89, ’93)

4 — Sebastian Vettel (2010, ’11, ’12, ’13)

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Draw

Quarter-finals

Real Madrid (ESP) or Manchester City (ENG) v Juventus (ITA) or Lyon (FRA)

RB Leipzig (GER) v Atletico Madrid (ESP)

Barcelona (ESP) or Napoli (ITA) v Bayern Munich (GER) or Chelsea (ENG)

Atalanta (ITA) v Paris Saint-Germain (FRA)

Ties to be played August 12-15 in Lisbon

Indoor Cricket World Cup Dubai 2017

Venue Insportz, Dubai; Admission Free

Fixtures - Open Men 2pm: India v New Zealand, Malaysia v UAE, Singapore v South Africa, Sri Lanka v England; 8pm: Australia v Singapore, India v Sri Lanka, England v Malaysia, New Zealand v South Africa

Fixtures - Open Women Noon: New Zealand v England, UAE v Australia; 6pm: England v South Africa, New Zealand v Australia

COMPANY PROFILE
Name: HyperSpace
 
Started: 2020
 
Founders: Alexander Heller, Rama Allen and Desi Gonzalez
 
Based: Dubai, UAE
 
Sector: Entertainment 
 
Number of staff: 210 
 
Investment raised: $75 million from investors including Galaxy Interactive, Riyadh Season, Sega Ventures and Apis Venture Partners
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MATCH INFO

Europa League final

Who: Marseille v Atletico Madrid
Where: Parc OL, Lyon, France
When: Wednesday, 10.45pm kick off (UAE)
TV: BeIN Sports

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