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Posted by
Two Blokes Jul 23 -
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Stock
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Gem Diamonds Limited (LSE:GEMD, OTC:GMDMF) shares fell 15% following a challenging first-half trading update and the announcement of cost-cutting measures. The company reported a 43% decline in revenue to $44.7 million, with carats sold down 22% to 44,360 and the average price per carat falling 26% to $1,008.
