Sales pretty much as expected in current market. Carats recovered was actually up 4000 on Q2 so decent mining performance there. Carats sold was down 10% but there were some cancelled tenders. They will carry over these unsold diamonds into Q3, spprox 3000 carats, and may achieve a better $ per carat for them if the market starts to pick up again. Could be value here if market is starting to turn more positive into 2024.
Someone is nibbling at 11p ish. If they did hit a sweet spot GEMD could easily put on 50 to 100% from these lowely prices but the weak diamond index dragging on confidence...