Gem Diamonds produced 30, 506 carats in the first quarter of 2024, a 5% quarter-on-quarter drop compared to 32 142 carats recovered in the fourth quarter of 2023.
The grade recovered during the first quarter was 2.32 carats per hundred tonnes (cpht), which was 5% lower than 2.43 cpht in the preceding quarter.
The company produced three diamonds greater than 100 carats during the period.
These were a 113-carat white Type II diamond recovered on February 17, a 295-carat white Type II diamond unearthed on January 8, and a 139-carat low-quality boart diamond recovered on January 17, 2024.
It sold 32 571 carats of diamonds in the first quarter for $43 million or at an average price of $1, 321.
The highest price achieved in the period was $39 345 per carat for a 113.11-carat white diamond.
Gem said five diamonds were sold for more than $1 million each, generating revenue of $18.6 million during the period.
Mathew Nyaungwa, Editor in Chief of the African Bureau, Rough&Polished
