GJ Town India

  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...

  Sociedade Mineira do Luele expects production of over 6 mn Cts   The target for the year 2025 was announced in Lunda-Norte, by Rómulo Mucase, President of the Board of Directors of Sociedade Mineira do Luele [SML]. According to the manager, who was speaking to the press during the Half-Yearly Diamond Production Review, this is a commitment made for the current year, in order to meet the goals established by the National Development Plan. So far, Mucase said, the production program of the company he manages has reached an execution level of around 88%, having highlighted that during the second half of the year, measures were implemented to overcome constraints encountered in the first six months of the year.    Referring to investments, for November of this year, the CEO of SM Luele said at the time, the second ore treatment line has been confirmed, which will allow the treatment of one thousand tons per hour, surpassing the current capacity of five hundred tons...

  Gem Diamonds recovered 47125 carats in Half Year 2025    Gem Diamonds Limited, announces its Half Year Results for the six months ended 30 June 2025. According to the Letšeng mine operational results, Gem Diamonds recovered 47 125 carats (H1 2024: 55 873 carats) show a tumbling recovery year over year! Average price of US$1 008 per carat achieved (H1 2024: US$1 366 per carat). The highest dollar per carat achieved for a white rough diamond during the Period was US$26 441 per carat.    Taking into account the prevailing market conditions, current diamond prices and exchange rates, the recoverable amount of Letšeng was assessed at Period end and an impairment of US$10.7 million was recorded to bring the carrying value in line with the recoverable amount. The impairment was allocated to goodwill which is now fully impaired.  In a response to market conditions, Gem Diamonds said, as reported in the trading update published on 23 July 2025, Gem Diamond...

  DeBeers rough diamond production reduced by 23% in 1H   DeBeers Interim Financial Results for 2025 DeBeers report rough diamond production reduced by 23% to 10.2 million carats (30 June 2024: 13.3 million carats), reflecting a proactive production response to the prolonged period of lower demand and higher than normal levels of inventory in the midstream.   In Botswana, production was reduced by 26% to 7.2 million carats (30 June 2024: 9.7 million carats), as a result of planned actions to lower production at Jwaneng and Orapa, as well as extended maintenance at Orapa and putting the Letlhakane Tailings Treatment Plant on care and maintenance as part of the planned production response. Production in Namibia was flat at 1.2 million carats (30 June 2024: 1.2 million carats), as planned actions to lower production at Debmarine Namibia were offset by planned higher grade mining and better recoveries at Namdeb.    In South Africa, production was flat at 1.1...

  A 12% increase in Lucara operating expenses!   In the recently released Lucara Diamond Corp’s reports & its results for the quarter ended June 30, 2025, analysed the Diamond Market. Lucara said, the long-term outlook for natural diamond prices remains cautious as the market continues to navigate structural shifts.   Prices of lab-grown diamonds have continued to decrease in 2025 with production outweighing demand. Global natural diamond production is forecasted to decrease, following significant production guidance cuts by the major diamond producers. In the near term, premium-grade natural diamonds are showing renewed strength, supported by limited global supply growth and strong performance at international trade shows. However, mid-range and lower-grade stones continue to face pricing pressure due to high inventories, cautious consumer sentiment, and the rapid rise of lab-grown diamonds.    Encouraging sign are emerging in the recovery of the Ch...

  First production of undergrounds in 2029   By providing MRE update, Burgundy Diamond Mines updated the Life of Mine (LOM) plan has been updated based on the MRE update for Misery underground, and the Mineral Resource and Ore Reserve Estimate updates for Fox underground.    Key components of the LOM plan include the following; 1: Misery Underground – Currently in operation and planned for mining until Q4 2027. 6% of the Misery tonnage in the plan is classified as indicated, 68% of the Misery tonnage in the plan is classified as inferred, while a further 26% lacks the necessary geological information to be assigned a resource classification. The pipe remains open at depth.    2: Fox Stockpile – Low-grade ore from historic open pit mining of Fox pit, which was completed in 2014. The stockpile will be blended with Misery production until Q4 2028. The stockpile has been blended in the processing feed intermittently in 2024 and H1 2025. The stockpile is classi...

  Star Diamonds has 100% interest in two projects evaluating the resources    Star Diamond Corporation reports that unaudited financial results for the quarter ended June 30, 2025, will be filed on SEDAR+. In the Overview, the report said, Star Diamond is a Canadian natural resource company focused on exploring and evaluating Saskatchewan's diamond resources.    Star Diamond holds a 100% interest in the Fort à la Corne Project, (FALC Project). These properties are in central Saskatchewan, near established infrastructure, including paved highways and the electrical power grid, which provide significant advantages for future possible mine development. The Company also holds a 100% interest in the exploration and evaluation properties and assets of the Buffalo Hills Diamond Project (the BH Project) located approximately 400 kilometres northwest of Edmonton, Alberta, Canada.    Fort à la Corne mineral properties- the Company currently holds a 100%...

  Misery underground plan extended by the end of 2027    Burgundy Diamond Mines Limited provides an updated Life of Mine (LoM) plan for the Ekati Diamond Mine for the years 2025-2040 , including the updated Mineral Resource Estimate (MRE) for the Misery pipe, updated Mineral Resource and Ore Reserve Estimates for the Fox pipe, and results of a recent bulk sample trial from the Point Lake pipe.    The updates are in accordance with the Australasian Code for the Reporting of Exploration Results, Mineral Resources and Ore Reserves, December 2012 (JORC Code) and the Australian Securities Exchange (ASX) Listing Rules, Chapter 5. Supporting information relating to the changes of Mineral Resources and Ore Reserves is set out in this release and its appendices.    Other deposits part of the LoM have their Mineral Resource and/or Ore Reserve results, including supporting information, as part of the Company’s ASX market announcement released 13 May 2...

  Shaky & fragile market has tempered results in 2Q    Mountain Province Diamonds Inc announces financial results for the second quarter ended June 30, 2025 (Q2 2025) from the Gahcho Kué Diamond Mine (GK Mine). According to the Key takeaways of Q2 2025 are, 411,114 carats were sold for total proceeds of $36.8 million (US$26.6 million) at an average price of $90 per carat (US$65).    Loss from mine operations of $52.6 million, brought Net loss of $37.7 million. Cash costs of production, including capitalized stripping costs, and adjusted EBITDA are non-IFRS measures with no standardized meaning prescribed under IFRS.    Mark Wall, the Company's President, and Chief Executive Officer, commented, "The first half of 2025 was a period of solid operational discipline at the GK Mine, but one that also underscored the challenges we continue to face. While the global diamond market showed tentative signs of recovery earlier in the year, recent U.S. tariffs ...

  Recovered a 2,036 carat - the third largest rough diamond    Lucara Diamond Corp reports its results for the quarter ended June 30, 2025. All amounts are in U.S. dollars unless otherwise noted. Here is the Q2 2025 Highlights; in Q2 2025, the Company's revenue increased to $43.7 million from $41.3 million in Q2 2024, primarily due to the sale of a 1,094 carat diamond sold to HB for an initial polished value of $12.0 million. The final sale value of the Seriti will be determined once the polished outcomes are sold to end buyers. In July 2025, the Company recovered a 2,036 carat near-gem diamond. The stone was recovered from processing EM/PK(S) kimberlite and is the third largest rough diamond ever unearthed and the second largest rough diamond to be recovered in Botswana. The EM/PK(S) material which is the target of the UGP has now produced seven of the world's largest recorded natural diamond recoveries.    The recovery of 242 Specials (defined as rough dia...