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Gem Diamonds sees output, revenue drop

Gem Diamonds sees output, revenue drop

Letšeng could be set to re-open but diamond demand is expected to remain low.

Precious stones

21 APRIL 2020
Firestone latest victim of diamond slump

Firestone latest victim of diamond slump

Firestone hopes de-listing and a board cull will help it weather the storm

Precious stones

25 FEBRUARY 2020
Record diamond production for Lucapa

Record diamond production for Lucapa

Company says tough year for diamond market ended on positive note

Precious stones

06 JANUARY 2020
Lesotho diamond miner posts profit

Lesotho diamond miner posts profit

Modest first-half profit and a strong start to the December half

Precious stones

03 SEPTEMBER 2019
Gem keeps diamond recoveries steady

Gem keeps diamond recoveries steady

A 13.33ct pink diamond was sold for a Letšeng record of $656,933/carat

Precious stones

08 MAY 2019
Firestone on track for full-year guidance

Firestone on track for full-year guidance

Recovery in March quarter down due to mining at lower-grade section of Liqhobong

Precious stones

25 APRIL 2019
Firestone recovers three large diamonds

Firestone recovers three large diamonds

72ct yellow, makeable diamond is second above 70ct found this year

Precious stones

08 APRIL 2019
Firestone limits H1 losses, ups production

Firestone limits H1 losses, ups production

Production and costs on track to meet guidance

Profit & Loss

28 MARCH 2019
Gem sells 13.33ct pink diamond for record price

Gem sells 13.33ct pink diamond for record price

Stone recovered at Letšeng sold for US$8.75M or $656,933/ct

Precious stones

14 MARCH 2019
Gem misses analyst forecasts, but ups earnings 70%

Gem misses analyst forecasts, but ups earnings 70%

Diamond miner was forecast to hand back cash but says balancing books more important

Profit & Loss

13 MARCH 2019
Successful first sale for Lucapa

Successful first sale for Lucapa

5,411 carats of rough diamonds sold for US$3.8 million

Precious stones

27 FEBRUARY 2019
Firestone recovers 70ct white diamond

Firestone recovers 70ct white diamond

First large stone for 2019 will be sold in March tender

Precious stones

12 FEBRUARY 2019