Gem Diamonds (GEMD) Q1 2025 TU earnings summary
Event summary combining transcript, slides, and related documents.
Q1 2025 TU earnings summary
16 Sep, 2026Executive summary
Achieved highest price of $26,441 per carat for a 67.50 carat white diamond in Q1 2025.
Two diamonds sold for over $1.0 million each, totaling $3.5 million in revenue.
All operational and financial metrics are trending within 2025 guidance.
Post-period recovery of two >100 carat diamonds to be sold in Q2 2025.
Financial highlights
Total value of diamonds sold in Q1 2025 was $21.6 million, down 33% from Q4 2024.
Average price per carat was $1,055, a 14% decrease compared to Q4 2024.
Carats sold decreased by 22% quarter-over-quarter to 20,470.
Outlook and guidance
All metrics are within the issued 2025 guidance.
Large diamond tender postponed due to US tariff uncertainty, with sales expected in Q2 2025.
Partial view of Summaries dataset, powered by Quartr API
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