Gem Diamonds Limited, a leading global diamond producer, released its half-year results for the six months ended June 30, 2024. The company reported a revenue of US$78.0 million, a 9% increase from the previous year, and an underlying <mark style="background-color:yellow">EBIT</mark>DA of US$19.1 million, a significant improvement from US$8.4 million in H1 2023. The company recorded a profit of US$5.5 million, with a profit per share of 1.5 US cents. Gem Diamonds ended the period with a cash balance of US$30.0 million and unutilized facilities of US$54.9 million. The operational results highlighted three lost time injuries, a recovery of 55,873 carats, and a decrease in waste tonnes mined to 3.2 million tonnes. The diamond market remains under pressure, impacting prices, but Gem Diamonds focus on cost and operational efficiency has yielded positive results. The company has revised its full-year guidance, with a downward revision in waste tonnes mined and upward revisions in carats recovered and sold. Clifford Elphick, CEO of Gem Diamonds, acknowledged the challenging market conditions but expressed confidence in the companys improved operational performance.