https://newsletter.mw.creamermedia.com
Diamonds|Operations
Diamonds|Operations
diamonds|operations

Gem flags lower third-quarter output on the back of cost reduction measures

30th October 2025

By: Creamer Media Reporter

     

Font size: - +

London-listed Gem Diamonds, which operates the Letšeng mine, in Lesotho, reports that decisive measures to conserve cash have been completed, with the anticipated $1.5-million in monthly saving having been realised from September.

The company in July announced its plans to reduce costs. This included the scaling back of operations at the mine.

In an October 30 trading update to shareholders, the diamond miner says it recovered 22 268 ct of diamonds during the September quarter. This represents a 5% decrease on the 23 547 ct recovered in the June quarter.

Recoveries for the September quarter included three special diamonds weighing more than 100 ct each. A 319 ct diamond was also recovered after the end of the quarter, bringing the total number of these special diamonds recovered to eight for the year-to-date.

Gem Diamonds sold 22 830 ct of diamonds for the third quarter – a 5% quarter-on-quarter decrease.

The revenue generated for the quarter increased by 9% quarter-on-quarter to $25.7-million, with the average price being $1 124/ct, compared with the average price of $980/ct received in the second quarter.

The highest price achieved in the third quarter was $33 785/ct for a 32.01 ct white diamond.

Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

Article Enquiry

Email Article

Save Article

To advertise email advertising@creamermedia.co.za or click here

Showroom

Avlock International
Avlock International

Avlock International is a leading manufacturer and distributor of Specialized Fastening Systems.

VISIT SHOWROOM 
ATI Systems
ATI Systems

ATI systems comprises five divisions: electrical assemblies, drives and controls, feedback sensors, enclosures, and strip guiding.

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.135 0.213s - 149pq - 2rq
Subscribe Now