Higher prices offset lower sales volumes for Gem in first-half
London-listed Gem Diamonds CEO Clifford Elphick says the company’s positive sales made during the six months ended June 30 demonstrated the resilience of its large diamonds during a global crisis and continued demand for high-quality diamonds.
The impact of Covid-19 on the tender process for the sale of its diamonds was evident from the second tender in the first quarter of the year to the only tender for the second quarter, held in June.