Gem Diamonds sold 26 617 carats in the third quarter of 2024 generating revenue of $42.7 million compared to 24 422 carats sold in the second quarter for $34.8 million.
The company said it achieved an average price of $1 603 per carat from the previous quarter’s $1 424 per carat.
Gem Diamonds said the highest price achieved in the period was $45 537 per carat for a 10.98-carat pink diamond.
At least six diamonds were sold for more than $1 million each, contributing $22.6 million to the revenue for the period.
Meanwhile, the company said it produced 24 678 carats during the period under consideration compared to 25 366 carats in the second quarter.
Five greater than 100-carat diamonds were recovered during the period, bringing the total year-to-date recoveries of greater than 100-carat diamonds to 13.
Of these four, greater than 100-carat diamonds were sold during the period.
Mathew Nyaungwa, Editor in Chief, Rough&Polished from Saurimo, Angola
