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Gem Diamonds Production Rises, Prices Fall
Jul. 30, 2012 04:01PM PST
Gem Investing
Reuters reported Gem Diamonds Ltd (LSE:GEMD) production rose during the first half of the year, although average diamond prices fell for the same period.
Reuters reported Gem Diamonds Ltd (LSE:GEMD) production rose during the first half of the year, although average diamond prices fell for the same period.
As quoted in the market news:
The company also said it suspended the formal process of exploring options for its Ellendale mine, which produces an estimated 50 percent of the world’s supply of yellow diamonds, after receiving offers that were not “at a sufficiently high enough level.”