Letšeng Diamonds Struggles Under Falling Prices, Cuts Operations and Staff

Maseru – Letšeng Diamonds (Pty) Ltd has announced the implementation of a series of strategic operational and cost-management initiatives in response to sustained pressure from weak global diamond prices, a depreciating US dollar, and continued tariff uncertainties. These measures aim to preserve cash reserves, protect shareholder value, and secure the long-term viability of the company’s operations. While Letšeng has consistently met its production targets, it has not been immune to the adverse macroeconomic environment. Falling rough diamond prices and unfavourable exchange…Continue reading with a subscriptionSubscribe for full access to every story.Subscribe - M85/monthAlready a subscriber? Sign in Advertisement ...