Gem Diamonds provides the following Trading Update detailing the Group’s operational and sales performance from 1 January 2025 to 31 March 2025 (Q1 2025). According to the key highlights;
1: The highest price achieved in the Period was US$26 441 per carat for a 67.50 carat white diamond.
2: Two diamonds sold for more than US$1.0 million each, generating aggregate revenue of US$3.5 million during the Period.
3: All operational and financial metrics are trending within issued guidance for 2025. 4: Post the Period, two greater than 100 carat Type I diamonds (194.52 carats and 109.95 carats) were recovered at Letšeng that will be sold in Q2 2025.
Letšeng Diamonds production summary reports, during the Period, production was primarily sourced from the lower-grade, lower-value Main Pipe, with a lower contribution from the higher-grade, higher-value Satellite Pipe, in line with the 2025 mine plan.
The Large diamond tender in the Period was held over because of US tariff uncertainty. These goods are scheduled to be sold in Q2. Carats sold, Total value (US$ millions) and US$/carat as set out in the table below include an estimated value of these goods for comparative purposes.
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