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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