Vast Resources Plans November Rough Diamond Tender with Dubai Buyers

Gem Diamonds Limited is set to release its Q3 2025 Trading Update on October 30, providing insights into its operational performance and market positioning, with the Letšeng mine in Lesotho playing a critical role as a producer of high-value diamonds. Vast Resources plc announced securing a tender for over 120,000 carats of rough stones scheduled for mid-November, aiming to maximize shareholder returns by engaging throughout the diamond value chain, while progressing mining operations in Romania and other locations. Both companies highlight ongoing activity in the diamond mining sector amidst market fluctuations, including demand slowdowns during regional festivals like Diwali. These updates reflect the broader mining industry's efforts to manage resources and capitalize on high-quality deposits despite economic and market challenges.