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Gem concludes flexible tender sales process

6th April 2020

By: Tasneem Bulbulia

Senior Contributing Editor Online

     

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LSE-listed Gem Diamonds’ second round of the flexible tender sales process has been concluded and raised a further $6.7-million for a selection of  large, high-quality diamonds recovered at its Letšeng mine, in Lesotho.

The company achieved an average value of $1 615 /ct for the first quarter of 2020.

The flexible tender sales process was put in place as a result of the March large diamond tender being cancelled owing to the travel and other Covid-19 restrictions imposed by the Belgian government and the governments of the company's clients.

The flexible tender sales process will continue during the period of these restrictions.

Edited by Creamer Media Reporter

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R/€ = 20.0778 Change: -0.0305
R/$ = 18.7597 Change: -0.2591
Au 2337.68 $/oz Change: -0.03
Pt 924.10 $/oz Change: -0.10