Gem Diamonds reports lower half-year revenue as price per carat down; notes market pressure

  • 📰 KitcoNewsNOW
  • ⏱ Reading Time:
  • 16 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 78%

United States News News

United States United States Latest News,United States United States Headlines

A roundup of all the mining news in the precious metals sector with a variety of company news, mining sector analysis, newsletter writer insights and executive interviews.

- Diamond producer Gem Diamonds reported today that in H1 2023, its carats recovered and sold remain within original guidance due to improved grade performance.

Gem Diamonds added that the highest price achieved during the period was $282,889 per carat for a 6.63 carat pink diamond, the third highest dollar per carat achieved for a Letšeng rough diamond. Gem Diamonds also pointed out that the global rough diamond market has experienced a downturn in 2023.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 13. in US

United States United States Latest News, United States United States Headlines