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Prolonged Rough-Industry Slump Deepens Gem Diamonds’ Loss
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Prolonged Rough-Industry Slump Deepens Gem Diamonds’ Loss
Gem Diamonds reported a loss for the full year, amid a large impairment to its assets. The company noted a loss of $104 million in 2025 compared to a loss of $2.9 million the year before, it said Wednesday. The miner attributed the deficit primarily to an impairment of $77.5 million on the valuation of its assets as a result of the challenging rough-diamond market. In addition, the weakening of the US dollar against the Lesotho loti also played …
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