Gem Diamonds third quarters sales rise as prices jump
Source - SMW
Gem Diamonds said it boosted sales volumes during the fourth quarter compared to the third, while getting a higher price for its gems.
The company said it sold 31,476 carats during the three months through December, up 21% from 25,909 carats in the third quarter.
It achieved an average sale price of $2,217 per carat, up 19% from the second quarter, helping sales revenue rise by 45% to $69.8m.
The company also said that production slipped slightly, by 1%, to 30,560 carrots recovered.
At 10:02am: (LON:GEMD) Gem Diamonds Ltd share price was +1.2p at 91.5p