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IIa Technologies said it has a commercially viable process for creating high-quality, Type IIa diamonds at the new 200,000-square-foot facility.  
After a year that saw mostly strong prices for both rough and polished diamonds at tender for the miner, Gem Diamonds’ revenue for the fiscal full year ended Dec. 31 hit $270.9 million.
 Despite production dropping 2 percent, the mining company saw a substantial increase in revenue in the first half of fiscal year 2015.
The company recorded net exports of $288 million in 2014, topping the list of the country’s polished diamond exporters for the fourth year in a row.
Sales and profits rose in 2014 for the diamond miner and marketer due to ‘solid demand’ in key markets, particularly in the United States.
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