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Strong Rough Prices Boost Gem Diamonds in 2024

Summary by rapaport.com
Gem Diamonds’ revenue and profit rose for the full year as a higher proportion of large diamonds led to an increase in the average price.  Revenue from the company’s Letšeng deposit in Lesotho grew 10% to $154.2 million for the 12 months, it said Thursday. During the year, the miner sold 13 diamonds greater than 100 carats, compared with only five the previous year.   Sales volume rose 5% to 109,967 carats, while the average price increased 4% t…
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Strong Rough Prices Boost Gem Diamonds in 2024

Gem Diamonds’ revenue and profit rose for the full year as a higher proportion of large diamonds led to an increase in the average price.  Revenue from the company’s Letšeng deposit in Lesotho grew 10% to $154.2 million for the 12 months, it said Thursday. During the year, the miner sold 13 diamonds greater than 100 carats, compared with only five the previous year.   Sales volume rose 5% to 109,967 carats, while the average price increased 4% t…

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rapaport.com broke the news in on Thursday, March 13, 2025.
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