Gem Diamonds provides the following Trading Update detailing the Group’s operational and sales performance from 1 January 2024 to 31 March 2024 (Q1 2024). Overall 30 506 Carats of diamonds recovered in Q1, 2024 & 32 571 Carats sold in the Q1 2024. Gem Diamonds achieved US$ 1 321 per carat show a growth of 3% YoY.
Gem Diamonds, Q1 2024 also witnessed the highest price achieved in the Period was US$39 345 per carat for a 113.11 carat white diamond. 5 diamonds sold for more than US$1.0 million each, generating revenue of US$18.6 million during the Period. Three greater than 100 carat diamonds were recovered and sold during the Period.
Post period end a 169.15 carat white type II diamond was recovered & all operational and financial metrics are trending within market expectations for 2024.
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Heera Zhaveraat (HZ International) A Diamond, Watch and Jewellery Trade Promotion Magazine provide dealers and manufactures with the key analytical information they need to succeed in the luxury industry. Pricing, availability and market information in the Magazine provides a critical edge.
