Gem Diamonds Limited reported earnings results for the full year ended December 31, 2023. For the full year, the company reported sales was USD 140.29 million compared to USD 188.94 million a year ago. Net loss was USD 2.13 million compared to net income of USD 10.18 million a year ago.

Basic loss per share from continuing operations was USD 0.015 compared to basic earnings per share from continuing operations of USD 0.073 a year ago. Diluted loss per share from continuing operations was USD 0.015 compared to diluted earnings per share from continuing operations of USD 0.072 a year ago.