views

GEM DIAMONDS SPARKLES AGAIN

GEM Diamonds, whose precious stones have been worn by the likes of Kate Winslet (above), swung back into profit last year thanks to a sharp cost-cutting programme, despite a slump in diamond prices dragging revenues lower. The FTSE 250 listed group’s revenue slipped to $244.4m (£161m) in 2009, compared to $296.9m in 2008, but it still managed to post pre-tax profit of $37.1m.