Gem Diamonds (GB:GEMD) has released an update.
Gem Diamonds Limited reported a solid first half of 2024 with diamond sales increasing to 56,944 carats, generating $77.9 million in revenue and an average price of $1,366 per carat. The company experienced a 10% increase in carats recovered compared to the first half of 2023 and sold eleven diamonds for more than $1 million each. These results are in line with the company’s 2024 projections, maintaining a strong performance in the high-value diamond market.
For further insights into GB:GEMD stock, check out TipRanks’ Stock Analysis page.
