Gem Diamonds’ Q3 Sales Surge with High-Value Diamonds

Gem Diamonds (GB:GEMD) has released an update.

Gem Diamonds reported a strong Q3 2024 performance, selling 26,617 carats and generating $42.7 million in revenue, a significant increase from the previous quarter. The company achieved an average price of $1,603 per carat, with six diamonds selling for over $1 million each. Additionally, five diamonds over 100 carats were recovered, underscoring Gem Diamonds’ position as a leader in high-value diamond production.

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