PROFIT & LOSS

Diamond quality underpins Gem H1 numbers

London-listed diamond producer Gem Diamonds has delivered a 50% year-on-year increase in its first-half revenue on the back of “continued strong demand for Letšeng's high quality diamonds and the positive impact on prices achieved”, alongside an increase in the volume of diamonds mined.

Staff reporter
Letseng continued to deliver for Gem Diamonds, helping the group to healthy first half growth

Letseng continued to deliver for Gem Diamonds, helping the group to healthy first half growth

Revenue for the period was up from US$69.5 million in 2020 to US$104.5 million.    Gem recovered 58,831 carats from Letšeng in Lesotho over the first half of the year, up from 43,275ct in the corresponding...

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