Gem Diamonds generated $56.6 million in revenue during the third quarter of the year, achieving an average price of $2 028 per carat compared to $1 589 per carat a year earlier.
“It is pleasing to see that the average price achieved for the Letšeng tenders for [the third quarter of] 2022 exceeded $2000 per carat, notwithstanding the current downturn in the global economy,” said company chief executive Clifford Elphick.
The diamond miner said the highest price achieved in the period was $79 543 per carat for a 10.07 carat pink diamond.
It sold 10 diamonds for more than $1 million each, generating revenue of $25.1 million during the period.
Four diamonds greater than 100 carats were sold during the period, generating revenue of $15.6 million.
Meanwhile, Gem produced 25 018 carats in the third quarter, resulting in 80 174 carats recovered for the year to date.
Mathew Nyaungwa, Editor in Chief of the African Bureau, Rough&Polished
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