Letseng Sales Drop 10% in Q4

Gem Diamonds reported that it saw an encouraging end to a very positive year after the fourth quarter of 2014.

CEO Clifford Elphick said the despite a drop in diamond recovery, 25,525 carats down from 28,365 carats in the third quarter.  The Letseng mine in Lesotho has continued to perform strongly.

Gem Diamonds remains on track to declare a maiden dividend in March 2015, Based on the positive results and the rise in the price per carat from $2,043 in 2013 to $2,540 in 2014.

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