Gem Diamonds Production Rises, Prices Fall

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.”

Click here to read the full Reuters report.