Brief: Gem Diamonds Says Pressure On Diamond Market Persisted Into 2024

Gem Diamonds

14/03/2024 07:32

March 14 (Reuters) - Gem Diamonds Ltd  GEMD.L :
    * PRESSURE ON DIAMOND MARKET HAS PERSISTED INTO 2024
    * CAUTIOUSLY OPTIMISTIC THAT PRICES WILL STABILISE AND THAT
THERE
WILL BE SOME GROWTH TOWARDS END OF 2024
    * NOTE THAT GLOBAL LUXURY MARKET CONTINUED TO GROW IN 2023
AND
REMAINS POISED TO EXPAND FURTHER IN 2024
    * IN MEDIUM TO LONG TERM, ROUGH DIAMOND PRICES SHOULD BE
SUPPORTED
BY FAVOURABLE DEMAND AND SUPPLY FUNDAMENTALS

Source text for Eikon:  ID:nRSN8435Ga 
Further company coverage:  GEMD.L 

 (Reuters.Briefs@thomsonreuters.com)