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Gem Diamonds’ Revenue Fall Slightly in H1

While revenues were slightly down, production was up in Letseng
gem diamonds 114 carat diamond
Credit: Gem Diamonds

Gem Diamonds, which owns 70% of the Letšeng diamond mine in Lesotho, has raked in revenues of $104 million in the first six months of 2021, Rough & Polished reports. The average price per carat for the period was $1,886.

 

Gem Diamonds Letseng mine
Credit: Gem Diamonds

 

These figures represent a fall compared with the corresponding period last year, when Gem Diamonds made $115 million and an average realised price of $2,057 per carat.

 

brown high quality diamond
Credit: Gem Diamonds

 

Gem Diamonds sold 55,124 carats during H1 2021 – down 1% year-on-year. Diamonds recovered totaled 58,831 carats – up 2% year-on-year. Three diamonds greater than 100 carats were recovered during the period. The highest price per carat achieved was $119,886 for a 3.35-carat pink diamond.



Tags: Diamonds News, Diamond Industry News, Gem Diamonds News

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