Weak Prices Send Gem Diamonds’ Profit Plunging

Average value per carat down 24% in 2023.

Gem Diamonds Recovers 113ct. Rough from Letšeng

Stone is third over 100 carats miner has found at deposit this year.

Letšeng Yields 295ct. Rough for Gem Diamonds

Diamond found in Lesotho mine is first over 100 carats this year.

2023’s Biggest, Most Valuable and Most Buzzworthy Diamonds

Here are the rough and polished stones that made for a memorable year.

Gem Diamonds Recovers 102ct. Rough from Letšeng

Stone is only second over 100 carats miner has unearthed this year.

Gem Diamonds Revenue Slides in First Half

Lower average price and faltering demand lead to 28% drop.

Gem Diamonds Recovers 164ct. Yellow Diamond

Stone is second over 100 carats from Letšeng this year.

Gem Diamonds Revenue Shrinks Amid Dearth of Large Stones

Miner sells seven diamonds for more than $1 million each, compared to nine a year ago.

Economic Challenges Dent Gem Diamonds Full-Year Profit

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

Gem Diamonds Unearths 122ct. Rough from Letšeng

Stone is miner’s first 100-carat-plus discovery this year.

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