https://newsletter.mw.creamermedia.com
Diamonds
Diamonds
diamonds

Gem lifts third-quarter revenue on higher sales, prices

23rd October 2024

By: Creamer Media Reporter

     

Font size: - +

London-listed Gem Diamonds, which operates the Letšeng diamond mine in Lesotho, generated revenues of $42.7-million from the sale of 26 627 ct of diamonds in the quarter ended September 30.

This compares with the sale of 24 422 ct for revenue of $34.8-million for the second quarter, which ended June 30.

The average price achieved in the quarter was $1 603/ct, compared with an average price of $1 424/ct in the second quarter.

The highest price achieved in the quarter under review was $45 537/ct for a 10.98 ct pink diamond.

Gem points out that it sold four diamonds greater than 100 ct during the quarter under review.

To date this year, it has recovered 13 diamonds greater than 100 ct.

 

 

Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

Comments

Latest News

A test mine established by the MMP
MMP looks to the future with a new strategy
Updated 6 hours ago By: Sabrina Jardim

Showroom

Weir Minerals Africa and Middle East
Weir Minerals Africa and Middle East

Weir Minerals Europe, Middle East and Africa is a global supplier of excellent minerals solutions, including pumps, valves, hydrocyclones,...

VISIT SHOWROOM 
The Southern African Institute of Mining and Metallurgy
The Southern African Institute of Mining and Metallurgy

The SAIMM started as a learned society in 1894 after the invention of the cyanide process that saved the South African gold mining industry of the...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Photo of Martin Creamer
On-The-Air (15/11/2024)
15th November 2024 By: Martin Creamer
Magazine round up | 15 November 2024
Magazine round up | 15 November 2024
15th November 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.102 0.181s - 126pq - 2rq
Subscribe Now