Gem Diamonds raises full-year production target on strong output
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(Reuters) - Gem Diamonds Ltd raised its full-year production target on Wednesday after reporting a 16.2 percent jump in diamonds found during the quarter, as demand and prices for white rough diamonds remained strong. The miner now expects to recover 120,000 carats to 124,000 carats of diamonds for the year, helped by improved mining and consistent grade recoveries during the third quarter. It had earlier guided to a range of 114,000 carats to 118,000 carats.Gem also raised its diamond sales..