Gem Diamonds (GEMD) Q3 2024 TU earnings summary
Event summary combining transcript, slides, and related documents.
Q3 2024 TU earnings summary
16 Sep, 2026Executive summary
Achieved highest price of $45,537 per carat for a 10.98 carat pink diamond in Q3 2024.
Sold 26,617 carats in Q3 2024, up from 24,422 carats in Q2 2024.
Revenue for Q3 2024 reached $42.7 million, compared to $34.8 million in Q2 2024.
Six diamonds sold for over $1 million each, contributing $22.6 million to revenue.
All operational and financial metrics are trending within revised 2024 guidance.
Financial highlights
Average price per carat increased to $1,603 in Q3 2024 from $1,424 in Q2 2024.
Total value of diamonds sold in Q3 2024 was $42.7 million.
Year-to-date revenue stands at $120.5 million.
Outlook and guidance
Operational and financial metrics remain within the revised guidance for 2024.
Partial view of Summaries dataset, powered by Quartr API
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