REFILE-Gem Diamonds HY revenue falls on lower diamond output, prices
(Corrects to add dropped word in paragraph 1)
Aug 17 (Reuters) – Gem Diamonds Ltd reported a 14 percent drop in half-year revenue, hurt by lower production and a decline in average diamond prices.
The company, which mines diamonds from the Letseng mine in Lesotho, said its revenue fell to $93 million for the six months to June 30, from $109 million a year earlier.
The average price per carat fell to $1,779 for the period, from $1,899 in the same period last year.
Carats recovered fell 12 percent to 50,478, the company said. (Reporting by Sanjeeban Sarkar and Rahul B in Bengaluru; Editing by Amrutha Gayathri)