Sold 5% less diamonds, earns 9% more in 3Q

 

Gem Diamonds sales 22 830 carats in Q3 over Q2 2025  

Gem Diamonds Limited provides the following trading update detailing the Group's operational and sales performance from 1 July 2025 to 30 September 2025 (Q3 2025). According to the key highlights,  

1: Carats recovered during the Period were 22 268 (Q2 2025: 23 547).  2: Three greater than 100 carat diamonds were recovered during the Period and a 319 carat diamond was recovered after the Period, bringing the total year to date recoveries of greater than 100 carat diamonds to eight.

3: 22 830 carats were sold during the Period (Q2 2025: 23 932 carats), generating revenue of US$25.7 million (Q2 2025: US$23.5 million) and achieving an average price of US$1 124 per carat (Q2 2025: US$980 per carat).

4: Four greater than 100 carat diamonds were sold during the Period. 5: Two diamonds sold for more than US$1.0 million each, contributing US$2.3 million to revenue for the Period. 6: The highest price achieved in the Period was US$33 785 per carat for a 32.01 carat white diamond.

7: All operational and financial metrics are trending within the revised guidance issued for 2025, as disclosed in the Company's H1 2025 Trading Update.  

8: The decisive measures to conserve cash as previously reported have been completed, with the anticipated c.US$1.5 million monthly savings being realised from September 2025.

Letšeng Diamonds production summary:

Particular

Q2 2025

Q3 2025

% Change

Waste tonnes stripped

834 145

204 595

-75%

Ore tonnes treated

1 258 641

1 318 624

5%

Satellite pipe contribution (tonnes)

391 171

208 558

-47%

Carats recovered

23 547

22 268

-5%

Grade recovered (cpht)

1.87

1.69

-10%

Carats sold

23 932

22 830

-5%

Total value (US$ millions)

23.5

25.7

9%

US$/carat

980

1 124

15%



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