https://www.miningweekly.com

Gem to report 15% q/q rise in carat sales for the first quarter

The Letšeng mine

The Letšeng mine

25th April 2024

By: Creamer Media Reporter

     

Font size: - +

London-listed Gem Diamonds notes in a trading update for the first quarter of this year that it sold 32 571 ct of diamonds recovered from its 70%-owned Letšeng mine, in Lesotho.

This represents a 15% increase on the 28 402 ct sold in the fourth quarter of 2023.

Carat recoveries, however, decreased by 5% quarter-on-quarter to 30 506 ct.

Nevertheless, the mine continued to deliver large diamonds, with three weighing more than 100 ct each recovered and sold during the quarter under review.

Sales for the quarter included five diamonds that sold for more than $1-million each, generating revenue of $18.6-million.

The highest price achieved in the period was $39 345/ct for a 113.11 ct white diamond.

 

 

Edited by Chanel de Bruyn
Creamer Media Online Managing Editor

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Showroom

Condra Cranes
Condra Cranes

ISO-certified Condra manufactures overhead cranes, portal cranes, cantilever cranes and crane components: hoists, drives, end-carriages, brakes and...

VISIT SHOWROOM 
SABAT Batteries is a renowned brand in the battery industry, manufacturing a wide range of batteries at its state-of-the-art production facility in Gqeberha.
SABAT Batteries

SABAT Batteries is a renowned brand in the battery industry, manufacturing a wide range of batteries at its state-of-the-art production facility in...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Photo of Martin Creamer
On-The-Air (18/09/2026)
18th September 2026 By: Martin Creamer
Magazine round up | 18 September 2026
Magazine round up | 18 September 2026
18th September 2026

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.044 0.066s - 111pq - 2rq
Subscribe Now