Gem Diamonds sales13.33 carat pink stone
A Letšeng record of US$ 656 933 per carat Gem Diamonds Limited provides Trading Update detailing of operational and sales performance for the Period Q1 2019 & says, Recovered and sold a 13.33 carat pink diamond for a Letšeng record of US$ 656 933 per carat. During the period Letšeng also recovered two diamonds greater than 100 carats. Total Carats recovered of 29 458 during the Q1 were in line with guidance targets and with the previous period of Q4 2018 of 29 523 carats. On the other hand they sold 27 335 carats during the Period, achieving an average price of US$ 1 900 per carat is higher over the Q4 2018 which had recovered US$ 1 259 per carat. The period also registered sales of eight diamonds for more than US$ 1.0 million each, generating revenue of US$ 27.2 million during the Period. The diamond detection pilot plant project remains on target to be commissioned at the end of Q2 2019. Construction and set-up have commenced on site. This project supports the