Gem Diamonds said it earned an average of $2,146 per carat in the first three tenders of 2015, compared with $2,140 in the fourth quarter of 2014.
Gem Diamonds' revenue rises on Letseng's high-grade diamonds
(Reuters) - Gem Diamonds Ltd said its sales increased in the year to date as it sold more high-grade diamonds from its flagship Letseng mine in Lesotho despite a weaker diamond market.
Recommended articles
The miner, which expects production at its Ghaghoo mine in Botswana to be in full swing in the second half of this year, said production at Letseng for the four months to April fell 8 percent to 31,369 carats due to a planned shutdown.
The company recovered a 314 carat Type IIa white diamond, which it sold into a partnership arrangement in May.
JOIN OUR PULSE COMMUNITY!
ADVERTISEMENT
Eyewitness? Submit your stories now via social or:
Email: eyewitness@pulse.ng
Recommended articles
Hajj Commission thanks 'Christian Uzodinma' for being its pillar of support
Why our plane made emergency landing at Lagos airport, Air Peace clarifies
Over 75% of Katsina children are multidimensionally poor – UNICEF
PDP unveils 200-member campaign council for Ighodalo's guber election in Edo
Tinubu approves resumption of repair work on Third Mainland Bridge
Ondo Poll: Ganduje consoles Jimoh Ibrahim after crushing defeat in APC primary
FG to review recent price hike of DStv, GOtv packages amid public outcry
BREAKING: FG grants Air Peace right to commence Abuja-London flights - Keyamo
Deputy who dumped Akeredolu clinches PDP governorship ticket
ADVERTISEMENT