Gem Diamonds core earnings jump 87 pct

Reuters - UK Focus

Aug 20 (Reuters) - Gem Diamonds Ltd reported an 87percent jump in first-half underlying core earnings as it soldmore diamonds at higher prices.

The diamond miner, which has operations in Lesotho andBotswana, said underlying earnings before interest, taxes,depreciation and amortisation rose to $62.2 million during thesix months ended June 30, from $33.2 million a year earlier.

Revenue rose 54 percent to $148.9 million. (Reporting by Karen Rebelo and Esha Vaish in Bangalore; Editingby Gopakumar Warrier)

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