Diamond miner Gem Diamonds recorded income of $32.1-million for the quarter ended March 31, supported by the sale of enormous, high-value diamonds recovered at its Letšeng mine, in Lesotho.
Throughout the quarter, manufacturing was primarily sourced from the lower-grade, lower-value predominant pipe, with a decrease contribution from the higher-grade, higher-value satellite tv for pc pipe, in accordance with the Letšeng mine plan.
The very best value achieved throughout this quarter was $32 908/ct for a 52.24 ct white diamond.
Additional, 4 diamonds offered for greater than $1-million every, producing combination income of $9.9-million.
Two diamonds, weighing over 100 ct every – a 100.71 ct Sort One faint yellow diamond and a 191.82 ct white diamond – had been recovered within the March quarter. These will likely be offered within the quarter to June 30.
Waste stripping elevated strongly to 70 943 t from 48 304 t within the fourth quarter of 2025, however the ore tonnes handled declined barely to 1.33-million tonnes, from 1.37-million tonnes within the earlier quarter.
Carats offered decreased to 16 727 ct and the overall gross sales worth declined by 8% to $25.1-million, reflecting weaker volumes regardless of a stronger pricing atmosphere, with common realised costs having been 17% increased year-on-year at $1 501/ct.
Along with the preliminary exports of 16 727 ct, one other parcel comprising ten diamonds every weighing greater than 10.8 ct and totalling 363 ct, was offered through the March quarter, producing income of $7-million.
All operational and monetary metrics, together with carats offered, are on monitor to fulfill the 2026 full-year steering, the corporate notes.
