London-listed Gem Diamonds reported selling 56,944 carats of diamonds from its Letšeng mine in Lesotho, generating $77.9 million in revenue for the six months ended June 30.
This marks a 9% increase compared to the 52,163 carats sold in the first half of 2023, which generated $71.6 million in revenue.
The average price per carat in the first half of this year was $1,366, slightly lower than the $1,373 per carat recorded in the same period last year.
In a trading statement published on August 13, Gem Diamonds noted that during the period under review, 11 diamonds were sold for over $1 million each, contributing $29.5 million in revenue.
The highest price achieved was $41,007 per carat for a 62.78-carat diamond.
The company stated that all operational and financial metrics are on track with the original guidance for the full year.
