Q3 2025 Trading Update
Gem Diamonds Limited reported its Q3 2025 trading update, with 22,268 carats recovered, a decrease from the 23,547 carats recovered in Q2 2025. The company sold 22,830 carats during the period, generating revenue of US$25.7 million, up from US$23.5 million in the previous quarter. The average price per carat increased to US$1,124 from US$980 in Q2 2025. Two diamonds sold for over US$1.0 million each, contributing US$2.3 million to revenue. The highest price achieved was US$33,785 per carat for a 32.01 carat white diamond. The company also realized approximately US$1.5 million in monthly savings from September 2025 due to cash conservation measures.
Select text to share a quote on X · sign in to keep highlights & notes in your GEMD notes
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$1.5 million monthly savings being realised from September 2025. | ||
| Letšeng Diamonds production summary: | |||
| Q2 2025 | Q3 2025 | % Change | |
| Waste tonnes stripped | 834 145 | 204 595 | -75% |
| Ore tonnes treated | 1 258 641 | 1 318 624 | 5% |
| Satellite pipe contribution (tonnes) | 391 171 | 208 558 | -47% |
| Carats recovered | 23 547 | 22 268 | -5% |
| Grade recovered (cpht) | 1.87 | 1.69 | -10% |
| Carats sold | 23 932 | 22 830 | -5% |
| Total value (US$ millions) | 23.5 | 25.7 | 9% |
| US$/carat | 980 | 1 124 | 15% |
The Gem Diamonds Limited LEI number is 213800RC2PGGMZQG8L67.
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.