Gem Diamonds Confronts Tough Market with Cost Cuts and Workforce Reduction

London – Gem Diamonds Limited has announced significant operational changes in response to ongoing market headwinds, reporting a sharp decline in sales revenue and production metrics for the first half of 2025. The company, which owns 70 percent of the Letšeng mine in Lesotho, recorded weaker diamond sales, reduced ore volumes, and a notable workforce restructuring as it revised its guidance for the remainder of the year.Performance in H1 2025 From January to June 2025, Gem Diamonds sold 44,360 carats compared with 56,944…Continue reading with a subscriptionSubscribe for full access to every story.Subscribe - M85/monthAlready a subscriber? Sign in Advertisement ...