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Gem Diamonds
Slow Market Dents Gem Diamonds Results
Revenue at Gem Diamonds fell in the first half of the yearamid weakness in the market. Sales of rough diamonds from the Letšeng mine in Lesotho plunged 44% to $94.5 million by value, and dropped10% to 55,714 carats by volume,...
Mining Aug 18, 2019 Rapaport News
Gem Diamonds
Gem Diamonds Offloads Ghaghoo Mine
Gem Diamonds has sold its Ghaghoo mine in Botswana for $5.4million, following a two-year search for a buyer. Pro Civil, a Botswana-based company, will acquire the asset, which has been on care and maintenance since...
Mining Jun 20, 2019 Rapaport News
910ct 600
Large Stones Lift Gem Diamonds Results
Revenue at Gem Diamonds rose in the first half of the yearas higher recoveries of large stones boosted the average selling price. Sales jumped 43% to $169.2 million by value and, by volume,climbed 8% to 61,696 carats, the miner...
Mining Aug 05, 2018 Rapaport News
Gem Diamonds 150
Gem Diamonds Jumps Back into Black
Gem Diamonds returned to profit last year, after thedevaluation of an underperforming mine drove it to a loss in 2016. The miner recorded a net profit of $17.2 million for 2017,versus a loss of $144.1 million in 2016, it said Wednesday. The 2016...
Mining Mar 14, 2018 Rapaport News
Gem Diamonds large rough
Large-Stone Demand Boosts Letšeng Results
Sales from the high-value Letšeng mine rose sharply inthe third quarter as improved demand for high-value rough diamonds boosted prices, owner Gem Diamonds reported Tuesday.Letšeng sales grew 19% year on year to $48.1...
Mining Oct 31, 2017 Rapaport News
Gem Diamonds Puts Ghaghoo Mine on Hold
Gem Diamonds will stop production at the Ghaghoo mine inBotswana, effective immediately, due to a slump in prices, the company saidThursday.The miner has decided to place the asset on “care andmaintenance,” meaning it will put diamond recovery...
Mining Feb 16, 2017 Rapaport News
Gem Diamonds' Letšeng Sales Leap
Gem Diamonds reported revenue from its Letšeng mine inLesotho rose in the first three tenders of the year.Sales jumped13 percent to $87.8 million compared with the first three tenders last year.Volume sold surged...
Mining May 17, 2016 Rapaport News
Ghagoo Mine
Two Fatalities at Gem Diamonds Ghaghoo Mine
Two contractors have died at Gem Diamonds' prospective Ghaghoo mine in Botswana ‎following a cave in at the face of a tunnel development. ‎ The incident has been fully investigated and the department of mines has given ‎permission for...
Mining Jun 18, 2012 Deena Taylor
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