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 price achieved in the Period was US$33 785 per carat for a 32.01 carat white diamond.
7: All operational and financial metrics are trending within the revised guidance issued for 2025, as disclosed in the Company’s H1 2025 Trading Update.
8: 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.
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