Gem Diamonds sold 56,944 carats in the first half of 2024, generating revenue of $77.9 million compared to $71.6 million a year earlier.
It said the diamonds were sold at an average price of $1 366 per carat from the previous year’s $1 373.
Gem said the highest price achieved in the period was $41 007 per carat for a 62.78-carat white diamond. In contrast, 11 diamonds were sold for more than $1 million each, generating revenue of $29.5 million during the period.
Meanwhile, the miner said it produced 55 873 carats in the first half of the period, a growth of 10% compared to 50 601 carats the previous year.
It said eight greater than 100 carat diamonds were recovered during the period of which six were sold in the period.
Mathew Nyaungwa, Editor in Chief of the African Bureau, Rough&Polished
