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The latest update is out from Gem Diamonds ( (GB:GEMD) ).
Gem Diamonds reported strong operational and sales performance in Q4 2024, with key metrics meeting or exceeding revised guidance. The company recovered 105,012 carats in 2024 and sold 109,967 carats, achieving an average price of US$1,390 per carat. Notably, the company sold six diamonds for more than US$1.0 million each, highlighting its continued production of high-value stones. The performance reflects operational efficiency and robust market demand, positioning Gem Diamonds favorably in the diamond industry. The company’s operational costs were slightly above guidance due to non-cash adjustments, but overall financial performance was strong, with total sales value increasing by 10% from the previous year.
More about Gem Diamonds
Gem Diamonds is a leading global producer of high-value diamonds, owning 70% of the Letšeng mine in Lesotho. The Letšeng mine is renowned for producing large, exceptional white diamonds, making it the highest dollar per carat kimberlite diamond mine in the world.
YTD Price Performance: -3.86%
Average Trading Volume: 213,304
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: £15.05M
See more data about GEMD stock on TipRanks’ Stock Analysis page.
