The Letà ¡eng Diamond Mine, found in the landlocked Southern African kingdom of Lesotho, is owned by Gem Diamonds, Ltd. and the government of Lesotho, at an elevation of it is the world's highest diamond mine.
It is characterised by extremely low grade ore (less than /hundred tons) and is known for producing huge diamonds, having the highest percentage of large diamonds (greater than ), giving it the highest dollar value per carat of any diamond mine. The world average is roughly US$81 per carat, while Letà ¡eng averaged over US$1,894 per carat for the first six months of 2007.
Unusual for Africa, and due to the elevation, temperatures at the mine drop to -20 ðC, and snowfalls are common in winter.
Letà ¡eng has a cold subtropical highland climate (Köppen: Cwc), bordering on a dry-winter subarctic climate (Dwc). This means that Letà ¡eng has a chilly climate with fairly cool temperatures throughout the year, even for Lesotho, and snowfalls can happen as well. The average annual temperature is , the average annual high temperature is and the average annual low temperature is . The warmest month, January, has an average temperature of and an average high temperature of . The coldest month, July, has an average temperature of and an average low temperature of .
Letà ¡eng has an average annual precipitation of . However, like most of Lesotho and South Africa, this is not evenly distributed throughout the year. Letà ¡eng has a wet season with abundant rainfall from October to March and a dry season with less precipitation from May to August - the coldest time of year. In terms of precipitation April and October serve as transitions between the wet and dry seasons. January is the wettest month, receiving of precipitation on average, while August is the driest month, receiving only of precipitation on average.
On 4 October 2006 the white diamond, the Lesotho Promise was unearthed, which until the January 2018 discovery noted below was the largest reported find this century; at the time it was found it was the 15th largest diamond ever found. The stone is of an exceptional colour, rated D, the top colour for diamonds.
Previously the largest diamond found at Letà ¡eng was the Lesotho Brown, recovered in 1967.
On 13 September 2007 Gem Diamonds, Ltd. announced that it had found a diamond, making it the 18th largest diamond ever found. It was sold to the Graff-SAFDICO partnership for $10.4 million.
In 2004, Gem Diamonds, Ltd. found a large diamond of .
On 21 September 2008 Gem Diamonds, Ltd. announced that it found a diamond of high quality, making it the 20th largest diamond ever found. It is a type II D colour, with potential to yield a cut stone. Chief executive Clifford Elphick said: "Preliminary examination of this remarkable diamond indicates it will yield a record-breaking polished stone of the very best colour and clarity, and has no inclusions visible in its rough form."
The discovery of two large rough white diamonds was announced in November 2010. They weighed and .
In January 2018 Gem Diamonds announced the largest diamond yet discovered at Letà ¡eng, a Type IIa D color stone measured at . It sold in March 2018 for $40 million. The same year a light brown diamond of 357.61 carats was discovered.
In August 2011 a diamond of was found.
In May and July 2015, the discovery of two large diamonds was announced : the Letà ¡eng Destiny of and the Letà ¡eng dynasty of .