The Letšeng mine has been consistently producing significant gemstones, with this latest find marking the fourth diamond over 100 carats discovered this year alone
Revenue at Gem Diamonds rose 20% year on year to $56.6 million in the third quarter, reflecting solid pricing and an increase in sales of high-value stones.
“Tenders in Antwerp, together with a Dubai tender viewing in September 2022, were well attended and contributed positively to the.
Gem Diamonds’ earnings slumped in the first half of 2022 as the average selling price dropped and the Russia-Ukraine war caused a jump in fuel costs.Net profit fell 51% year on year to $8.3 million for the six months, the miner reported Thursday. Revenue slipped 4% to $100 million.Demand and.
RAPAPORT. Gem Diamonds’ sales of high-value rough from its Letšeng mine in Lesotho fell in the first half amid a decline in the average price.
Rough sales for the six months that ended June 30 slipped 4.2% year on year to $99.6 million, even as sales volume rose 3.5% to 57,075 carats..