GEM DIAMONDS LIMITED Highlights
The Group further increased its net cash position by
Operational guidance metrics for the 2020 full year were achieved.
During the Period, four diamonds greater than 100 carats were recovered to bring the total for the year to 16.
Average price achieved for the Period was
99 172 carats sold in the year, achieving an average price of
Ten diamonds sold for more than
Diamond prices achieved in the Period were higher than those realised (on a like-for-like basis) before the onset of the Covid-19 pandemic in Q1 2020, reflecting overall improvement in market conditions.
Covid-19
The Group continues to meticulously implement its wide range of Covid-19 protocols, health and safety measures and other precautions to protect its employees and contractors at its operations. This has had a positive effect in containing infections across the Group. These measures include thermal screening, X-ray screening, Rapid Anti-body and Anti-gen Diagnostic screening and Polymerase Chain Reaction (PCR) testing, promotion of sanitation measures, appropriate social distancing, compulsory wearing of face masks and the provision of Personal Protective Equipment.
As part of the Covid-19 management strategy, all suspected positive cases are safely transferred to their respective residences, or national health facilities if determined medically necessary, for quarantining, thus limiting suspected positive cases on mine site.
The Group continues to provide support to its workforce, contractors and surrounding communities in its efforts to curb the spread of the virus in all countries where it operates. In support of the Group's surrounding communities in
Contact:
Mark Antelme
Tel: +44 (0) 208 434 2643
ABOUT GEM DIAMONDS
Gem Diamonds is a leading global diamond producer of large high value diamonds. The Company owns 70% of the LetSeng mine in
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