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Gem Diamonds Full-Year Revenue Dips
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Gem Diamonds Full-Year Revenue Dips
Gem Diamonds’ revenue fell in 2025 amid a challenging diamond market. Sales from the company’s Letšeng mine in Lesotho dropped 36% to $97.7 million for the year, it said in a trading update Wednesday. Sales volume slipped 20% to 88,381 carats, with the average price falling 20% to $1,105 per carat. During the year, Gem Diamonds recovered nine rough stones greater than 100 carats, compared to 13 last year. Output declined 14% to 90,354 carats for…
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