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Gem Diamonds finds 370-carat diamond at Letseng


Gem Diamonds finds 370-carat diamond at Letseng
The 370 carat Type II, white diamond mined at the Letšeng mine in Lesotho (
Africa-focused Gem Diamonds (LON:GEMD) said on Monday it had unearthed a 370 carat Type II white diamond at its Letšeng mine in Lesotho, the latest in a series of significant rocks mined at the operation in recent weeks.
The discovery comes on the heels of another finding at the same mine last week  a 254 carat Type II white diamond.
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Since acquiring Letšeng in 2006, the company has found more than 60 white gem quality diamonds over 100 carats each, with 16 of them recovered last year. ....

Dmitry Glushakov , Head Of Metals Mining Research , De Beers , Mining Research , தலை ஆஃப் உலோகங்கள் சுரங்க ஆராய்ச்சி , டி பியர்ஸ் , சுரங்க ஆராய்ச்சி ,

De Beers' diamond sales beat pre-covid levels


De Beers’ diamond sales beat pre-covid levels
Diamond sales show steady recovery in the market. (
De Beers, the world’s largest diamond producer by value, said on Wednesday sales in the first cycle of 2021 were 44% higher than in the previous one, evidence that a long-awaited recovery in the diamond market is here.
The Anglo American unit, which sells diamonds to a handpicked group of about 80 buyers 10 times a year at events called “sights,” sold $650 million worth of rough diamonds. That compares to the $551 million it fetched in the same period last year when the covid-19 pandemic hadn’t yet hit an already weakened market. ....

Bruce Cleaver , Dmitry Glushakov , Head Of Metals Mining Research , De Beers , Chinese New Year , Mining Research , காயங்கள் கிளீவர் , தலை ஆஃப் உலோகங்கள் சுரங்க ஆராய்ச்சி , டி பியர்ஸ் , சீன புதியது ஆண்டு , சுரங்க ஆராய்ச்சி ,

Gem Diamonds ends 2020 with a bang as demand improves


Gem Diamonds ends 2020 with a bang as demand improves
The company recovered 16 diamonds greater than 100 carats in 2020. (
Africa-focused Gem Diamonds (LON:GEMD) ended 2020 in much better shape than many of its peers as it recorded revenue growth driven mostly by a sharp recovery in prices and sales during the second half of the year.
The miner saw sales rise 4% to $189.2 million for the year, it said on Tuesday. The average price jumped 17% to $1,908 per carat, up from $1,637 per carat achieved in 2019. That outweighed an 11% decline in sales volume to 99,172 carats.
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Gem Diamonds said that in the last three months of 2020 it found four diamonds greater than 100 carats, bringing the total for the year to 16. It sold 10 of those diamonds for more than $1 million each in the fourth quarter, generating revenue of $22.6 million. ....

City Of , United Kingdom , Clifford Elphick , Dmitry Glushakov , Head Of Metals Mining Research , De Beers , Gem Diamonds , Mining Research , நகரம் ஆஃப் , ஒன்றுபட்டது கிஂக்டம் , தலை ஆஃப் உலோகங்கள் சுரங்க ஆராய்ச்சி , டி பியர்ஸ் , கேம் வைரங்கள் , சுரங்க ஆராய்ச்சி ,