Business
H1 2023 Trading Update
H1 2023 Trading Update.
About this update from Gem Diamonds Limited
[{"type":"text","content":"\n\n22 August 2023 \n \nGEM DIAMONDS LIMITED\nH1 2023 Trading Update\n \nGem Diamonds Limited (LSE: GEMD) (\"Gem Diamonds\" or the \"Company\" or the \"Group\") provides the following Trading Update detailing the Group's operational and sales performance from 1 January 2023 to 30 June 2023 (\"H1 2023\" or the \"Period\").\n \nHighlights:\n\n· The highest price achieved during the Period was US$282 889 per carat for a 6.63 carat pink diamond, the third highest dollar per carat achieved for a Letšeng rough diamond.\n· The highest price achieved during the Period for a white diamond was US$34 441 per carat for a 58.07 carat Type IIa diamond.\n· 12 diamonds sold for more than US$1.0 million each, generating revenue of US$21.0 million during the Period.\n· Two diamonds greater than 100 carats were recovered during the Period, one of which was sold in the Period and the other will be sold in Q3 2023.\n \n1. Letšeng Diamonds production summary:\n\n\n\n\n\n\n\nH1\n 2023\n\n\nH2\n 2022\n\n\n%\nChange\n\n\n\n\nWaste tonnes stripped\n\n\n4 846 680\n\n\n3 864 465\n\n\n25%\n\n\n\n\nOre tonnes treated\n\n\n2 467 250\n\n\n2 488 912\n\n\n(1%)\n\n\n\n\nSatellite pipe contribution (tonnes)\n\n\n1 269 987\n\n\n1 659 562\n\n\n(23%)\n\n\n\n\nCarats recovered\n\n\n50 601\n\n\n51 548\n\n\n(2%)\n\n\n\n\nGrade recovered (cpht)\n\n\n2.05\n\n\n2.07\n\n\n(1%)\n\n\n\n\nCarats sold\n\n\n52 163\n\n\n50 423\n\n\n3%\n\n\n\n\nT...