Diamonds.net - 'Extraordinary' Costs Hit Gem Diamonds Profit
Gem Diamonds’ earnings slumped in the first half of 2022 as the average selling price dropped and the Russia-Ukraine war caused a jump in fuel costs.Net profit fell 51% year on year to $8.3 million for the six months, the miner reported Thursday. Revenue slipped 4% to $100 million.Demand and...
Source: diamonds.net