GJ Town India

Earned average price of US$1 908 per carat yet a lower YoY   Gem Diamonds Limited provides the Trading Update detailing the Group's operational and sales performance from 1 October 2020 to 31 December 2020 (Q4 2020).  According to the Trading Update, the Group further increased its net cash position by US$33.1 million, ending the Period with net cash of US$34.2 million (Q3 2020: net cash US$1.1 million).   Operational guidance metrics for the 2020 full year were achieved. During the Period, four diamonds greater than 100 carats were recovered to bring the total for the year to 16 & average price achieved for the Period was US$1 907 per carat. Over all 99 172 carats sold in the year, achieving an average price of US$1 908 per carat (2019: US$1 637 per carat). Ten diamonds sold for more than US$1.0 million each, generating revenue of US$22.6 million during the Period, bringing the total number of diamonds sold for greater than US$1.0 million to 34 for the year....

Impacting both rough and polished diamond prices!   Lucapa Diamond Company Limited presented its activities report for the Fourth Quarter (4Q) ending 31 December 2020. The consumption and strong demand that saw the diamond industry commence its recovery in Q3 2020 continued into the festive period, favourably impacting both rough and polished diamond prices. This momentum has continued into 2021.   Key Highlights that includes 1: Lulo & 2: Mothae.   1: Lulo, a: Two +100 carat diamonds recovered, one from MB46 adjacent to the Canguige catchment area, b: Record annual diamond production and carat sales at Lulo & c: Delivery of 15.2 carat polished pink diamond from Lulo’s cutting & polishing partnership. 2: Mothae, a: Recommencement of scaled mining operations at Mothae, b: One +100 carat diamond recovered, Mothae’s most valuable diamond recovered to date, c: Mothae signed a new marketing agreement, including a cutting & polishing partnership, d: ~280% ...

  Marsfontein and Thorny River Diamond Properties in SA focussed! By updating Botswana Diamonds (BOD),   shared the details on its latest phase of exploration on the Marsfontein and Thorny River Diamond Properties in South Africa as its’ Kimberlite targets are identified and the related drilling is scheduled to begin in two weeks! Previously in the month of May BoD had explored & about 87 macro diamonds were recovered from the fresh kimberlite giving a modelled grade of 50cpht and about 24 macro diamonds were recovered from Dump E giving a modelled grade of 16cpht.   A number of geophysical techniques and technologies were applied including gravity, electromagnetics, magnetics and ground penetrating radar. Out of the ten areas surveyed, the findings have identified four target areas including a potential blow of up to 0.25Ha and swells in the kimberlite dyke system of up to 10m. John Teeling, chairman, commented. “This phase of exploration on Thorny River and Marsfont...