High-Value Recoveries Drive up Gem Revenue
Gem Diamonds saw revenue and profits increase in FY2024, as high-value recoveries more than made up for persistent downward pressure of the diamond market.
Gem Diamonds
High Value Recoveries Boost Gem’s Revenue
Gem Diamonds today (29 January) reported a dip in quarterly revenue but a year-on-year increase of 10 per cent, boosted by a flurry of high-value recoveries.
Gem Diamonds’ Letšeng mine yields 212 carat stone
Gem Diamonds’ Letšeng mine yields 212 carat stone
Gem Diamonds finds 122 carat stone at Letšeng mine
Africa-focused miner Gem Diamonds has unearthed yet another massive white diamond at its prolific Letšeng mine in Lesotho, just days after another major find. The 122.2 carat Type II white diamond was recovered over the weekend and is the eleventh greater than 100-carat precious stone mined this year at the operation, the company said. Sign … Read more
Gem Diamonds Doubles its +100 carats Haul
Gem Diamonds has now recovered twice as many +100-cts diamond this year than during the whole of 2023.
Gem Diamonds unearths 123 carat rough diamond in Lesotho
Gem Diamonds unearths 123 carat rough diamond in Lesotho
Gem Diamonds finds 172 carat stone at Letšeng
Gem Diamonds finds 172 carat stone at Letšeng
Gem Diamonds finds yet another big stone in Lesotho
Africa-focused miner Gem Diamonds (LON: GEMD) has unearthed a new major Type II white diamond at its prolific Letšeng mine in Lesotho, barely six days after the previous find. The 118.74-carat diamond is the fifth greater than 100-carat precious stone recovered this year at the operation, the company said. Type IIa diamonds are the most … Read more
HIGH QUALITY 113 CARAT TYPE II WHITE DIAMOND
Gem Diamonds Limited (LSE: GEMD) is pleased to announce the recovery of a high quality 113 carat white Type II diamond, recovered at the Letšeng mine in Lesotho on 17 February 2024. A piece of white rock next to a magnifying glass Description automatically generated Together with the 295 carat high quality Type II white … Read more
Revenue and Prices Down at Gem Diamonds
Gem Diamonds saw revenue and average per carat prices down by around a quarter during 2023