Gem Diamonds trims forecasts

Gem Diamonds said yesterday it recovered 26 per cent fewer carats in the first half compared with the second half of last year and cut its 2013 production forecast for its key Letseng mine in Lesotho. Gem Diamonds said it expected to recover between 95,000 and 105,000 carats from Letseng in 2013. Carats recovered during the six months to 30 June fell to 42,268 from 57,234 in the second half of 2012.