Gem Diamonds reported that in the first half of it produced 57,380 carats of its remaining 70% Letšeng shaft (Letšeng) in Lesotho, which is 15% higher than 50,019 carats produced a year earlier.
Diamond content in the rock was 1.72 carats per hundred tons of ore, an increase of 7% to 1.61 carats per hundred tonnes of ore last year.
"The good performance of diamond content in the rock at the mine reflect the fact that the secondary kimberlite pipe usually produce more stones, but their size is smaller - say in Gem Diamonds -. In the reporting period, was recovered a smaller amount of diamonds larger than 100 carats, but at the beginning of July 2016 production moved to another area of the secondary tube. in this area managed to obtain exceptional diamonds weighing 104 carats and 85 carats. "
Gem Diamonds volume of diamond sales in the first half with Letseng was 55,959 carats, which is 19% higher than the 46,961 carats, sold last year.
In the reporting period, revenues remained almost unchanged compared to the same period last year and amounted to $ 106.3 million.
At the same time, the average price of stones dropped from $ 2264 per carat to $ 1,899 per carat in the first half of this year.
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