Weak Prices Send Gem Diamonds’ Profit Plunging

Average value per carat down 24% in 2023.

Lack of Large Stones Leads to Loss for Gem Diamonds

Slowdown in demand also impacted average price, according to miner.

Economic Challenges Dent Gem Diamonds Full-Year Profit

High inflation, increased diesel prices and electricity interruptions resulted in 26% drop.

Large Stones Boost Sales at Gem Diamonds

Revenue up 10% year on year in third quarter.

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