Gem Diamonds posts surge in earnings, record production for 2018

LSE-listed Gem Diamonds on Wednesday posted a significant surge in earnings as it delivered record diamond recoveries for the year ended December 31, 2018. The diamond miner reported a profit for the year of $46.6-million, compared with the $20.8-million achieved, before exceptional items, in 2017, with attributable profit reaching $26-million during the year under review.