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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Divine Solitaires honoured leading partner jewelers from across India at IIJS Premiere 2026, alongside the first weekly lucky draw of TSFI's Wood Jubilee edition.
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✨ A moment to remember at IIJS Premiere 2026!
Proud to be part of Jewellers for Hope, bringing the jewellery community together for a meaningful cause. Grateful to be part of this special initiative.
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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.
