Lesotho: Diamond Market Recovery Boosts Liqhobong Reopening Prospects

LIQHOBONG mine has received a boost after its diamonds’ value doubled on the global market having performed sluggishly earlier this year on the back of the Covid-19 pandemic.

November trial sales saw the average price of the mine’s diamonds doubling from US$40 per carat to US$84.

The mine’s declining market performance had forced the mine to temporarily suspend operations for 12 months from June this year to May 2021.

The mine has therefore, been under care and maintenance with skeletal staff of…

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