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Gem Diamonds slashes guidance after operational woes in Q3

London-listed Gem Diamonds has cut its full year production guidance by 11%, as mining disruptions, poor grades, and a drop in the number of exceptional stones marked a disappointing September quarter.

William Clarke
Gem Diamonds' operations are in Botswana and Lesotho

Gem Diamonds' operations are in Botswana and Lesotho

Gem recovered 23,435 carats from its operations in Lesotho and Botswana in Q3, down 21% quarter-on-quarter, and cut its guidance for 2021 diamond production to 110,000-114,000ct, down from earlier forecasts...

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