REG - Gem Diamonds Limited - Q3 2025 Trading Update

Gem DiamondsAnnouncement

30/10/2025 07:00

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20251030:nRSd3977Fa&default-theme=true

RNS Number : 3977F  Gem Diamonds Limited  30 October 2025

30 October 2025
 
 

 

GEM DIAMONDS LIMITED

Q3 2025 Trading Update

Gem Diamonds Limited (LSE: GEMD) ("Gem Diamonds" or the "Company" or the
"Group") provides the following trading update detailing the Group's
operational and sales performance from 1 July 2025 to 30 September 2025 ("Q3
2025" or the "Period").

Highlights:

 •    Carats recovered during the Period were 22 268 (Q2 2025: 23 547).
 •    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.
 •    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).
 •    Four greater than 100 carat diamonds were sold during the Period.
 •    Two diamonds sold for more than US$1.0 million each, contributing US$2.3
      million to revenue for the Period.
 •    The highest price achieved in the Period was US$33 785 per carat for a 32.01
      carat white diamond.
 •    All operational and financial metrics are trending within the revised guidance
      issued for 2025, as disclosed in the Company's H1 2025 Trading Update.
 •    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:

                                       Q2          Q3          %

                                        2025        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%

FOR FURTHER INFORMATION:

 

Gem Diamonds Limited

Kiki Constantopoulos, Company Secretary

ir@gemdiamonds.com (mailto:ir@gemdiamonds.com)

 

Celicourt Communications

Mark Antelme / Charles Denley-Myerson
 

Tel: +44 (0) 20 777 6424

This announcement contains inside information for the purposes of Article 7 of
Regulation (EU) No 596/2014.

The Gem Diamonds Limited LEI number is 213800RC2PGGMZQG8L67.

ABOUT GEM DIAMONDS:

Gem Diamonds is a leading global producer of high value diamonds. The Company
owns 70% of the Letšeng mine in Lesotho. The Letšeng mine is famous for the
production of large, exceptional white diamonds, making it the highest dollar
per carat kimberlite diamond mine in the world.

www.gemdiamonds.com (http://www.gemdiamonds.com)

 

 

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  TSTPKCBNOBDDPKB



            Copyright 2019 Regulatory News Service, all rights reserved