Business
April 2011 Interim Management Statement
April 2011 Interim Management Statement.
About this update from Gem Diamonds Limited
[{"type":"text","content":"\n \nRNS Number : 1913F Gem Diamonds Limited 20 April 2011 \n \n\n20 April 2011\n \nGEM DIAMONDS LIMITED\n \nApril 2011 Interim Management Statement\n \n \nGem Diamonds Limited (LSE: GEMD) reports an Interim Management Statement (\"IMS\") for the period\n1 January to 19 April 2011 (\"the period\"). \n \nHighlights during the period: \n \nLetšeng:\n· Letšeng achieved an average value of US$4 272 per carat for its April 2011 export, bringing the average value to US$3 067 per carat for the period (US$1 839 per carat for the first three tenders in 2010). \n· 16 rough diamonds achieved an average value in excess of US$1m each during the period.\n· Letšeng produced a total of 59 rough diamonds that achieved prices greater than US$20 000 per carat, equivalent to 68% of Letšeng's revenue for the period. \n· A 2.79 carat blue diamond sold on tender for a new Letšeng record of US$199 199 per carat.\n· Two pink diamonds of 28.37 carats and 30.68 carats were sold for US$140 994 and US$130 378 per carat respectively.\n· Letšeng produced 151 rough diamonds greater than 10.8 carats in size in the first quarter. \n· 26 541 carats recovered during the first quarter of 2011, up 29% from 2010. \n \nEllendale: \n· Ellendale achieved an average price of US$3 379 per carat for its fancy yellow diamonds sold to Tiffany & Co. during Q1 2011 (US$2 545 per carat in Q1 2010). \n· For its commercial goods, Ellendale achieved an average price of US$196 per carat during Q1 2011 (US$142 per carat in Q1 2010).\n \nGope: \n· On 14 March 2011 the Gem Diamonds Board approved the first stage of the development of the Gope mine. \n· The first ...