Gem’s Letseng
diamond mine in
London, England — 16 April 2012 – Gem Diamonds “’ a leading global producer of high value diamonds which intends to double  production capacity at its Letseng mine in Lesotho by 2014 “’ says the market for rough diamonds has continued to improve, following the correction of prices in September 2011.

In an interim management statement released here, the company said its own diamond price index had shown increases in every sale since the September-correction and was up some 7% in 2012.

Gem Diamonds anticipates rough prices across the market to continue increasing into Q2 of 2012 and, despite the relatively thin volumes being traded in the polished market in high end goods, prices in these goods, both in the polished wholesale market and high end branded auctions, are expected to improve further,” read the statement.

Source: Gem Diamonds. For more information, click here.