Gem Diamonds’ Quarterly Sales Advance as Prices Rise

- January 24th, 2011 reports that surging prices buoyed sales for Gem Diamonds (PINK:GMDMF) in Q4. reports that surging prices buoyed sales for Gem Diamonds (PINK:GMDMF) in Q4.

The story is quoted as saying:

“Reports of strong diamond jewelry sales in the important U.S. Christmas season, continuing growth in sales of diamond jewelry in Asia — specifically China and India — and the fundamental supply/demand imbalance, has meant strongly rising prices,” Gem’s Chief Executive Officer Clifford Elphick said in the statement

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