Gem Diamonds: fewer carats sold but higher prices at Letšeng in Q1

Mining · Lesotho Gem Diamonds posted revenue of $32.1-million from its Letšeng mine in Lesotho for the March quarter, sustained by the sale of exceptional large stones despite a fall in overall carat volumes, with all operational metrics remaining within 2026 guidance. Gem Diamonds (LSE: GEMD) recorded revenue of $32.1-million for the quarter ended 31 March 2026, with its primary production export of 16,727 carats achieving an average selling price of $1,501 per carat, up 17% on the previous quarter.…Continue reading with a subscriptionSubscribe for full access to every story.Subscribe - M85/monthAlready a subscriber? Sign in Advertisement ...