Gem Diamonds Limited

Equities

GEMD

VGG379591065

Non-Gold Precious Metals & Minerals

Market Closed - London S.E. Other stock markets 11:35:25 2024-05-03 am EDT			5-day change	1st Jan Change
13.28 ^GBX	+1.53%		+63.89%	0.00%

Apr. 30	EARNINGS AND TRADING: Software Circle & Beximco report higher revenue	AN
Apr. 30	Gem Diamonds Limited Announces Recovery of A 118.74 Carat Type II White Diamond	CI

Gem Diamonds discovers white diamond over 100 carats

April 22, 2024 at 09:34 am EDT

Gem Diamonds Ltd - diamond miner which has operations in Lesotho and Botswana - Says that it recovered a 169.15 carat, type two white diamond, at the Letseng mine in Lesotho on April 18. This is the fourth diamond that Gem Diamonds has recovered this year which is over 100 carats. It explains that the Letseng mine "is famous for the production of large, exceptional white diamonds, making it the highest dollar per carat kimberlite diamond mine in the world".

Current stock price: 8.60 pence

12-month change: down 68%

By Holly Beveridge, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Latest news about Gem Diamonds Limited

EARNINGS AND TRADING: Software Circle & Beximco report higher revenue	Apr. 30	AN
Gem Diamonds Limited Announces Recovery of A 118.74 Carat Type II White Diamond	Apr. 30	CI
Norcros sells Johnson Tiles UK; Trifast trading well	Apr. 25	AN
Gem Diamonds Limited Reports Sales Results for the First Quarter Ended 31 March 2024	Apr. 25	CI
Gem Diamonds discovers white diamond over 100 carats	Apr. 22	AN
Gem Diamonds Limited Announces Recovery of A 169.15 Carat Type II White Diamond	Apr. 22	CI
EARNINGS AND TRADING: Smarttech247 and Beeks in deal boosts	Mar. 14	AN
Ceres rises; Capital revenue below outlook	Mar. 14	AN
Transcript : Gem Diamonds Limited, 2023 Earnings Call, Mar 14, 2024	Mar. 14
Gem Diamonds Limited Reports Earnings Results for the Full Year Ended December 31, 2023	Mar. 14	CI
Gem Diamonds finds 113 carat type 2 white diamond in Lesotho	Feb. 19	AN
Gem Diamonds Finds 113-carat White Diamond at Lesotho Mine	Feb. 19	MT
Gem Diamonds Limited Announce the Recovery of A High Quality 113 Carat White Type Ii Diamond	Feb. 19	CI
Gem Diamonds meets annual guidance but sales still down	Feb. 01	AN
Gem Diamonds Limited Reports Sales Results from 1 October 2023 to 31 December 2023	Feb. 01	CI
Gem Diamonds Limited Reports Production Results for the Period from 1 October 2023 to 31 December 2023 and Full Year Ended 31 December 2023	Feb. 01	CI
Goldman likes Glencore; BofA likes easyJet	Jan. 12	AN
Gem Diamonds recovers 295 carat white diamond in Lesotho	Jan. 11	AN
Gem Diamonds Reports 295-carat White Diamond Recovery in Lesotho	Jan. 11	MT
Gem Diamonds Limited Announces Recovery of A High Quality 295 Carat White Diamond From the Let?eng Mine	Jan. 11	CI
Velocys agrees bid, Helical lets office to Sainsbury	Dec. 05	AN
Gem Diamonds' Letšeng Diamonds Terminates Load, Haul Contract with Matekane Mining	Nov. 15	MT
BiVictriX patent boost; 4Global deal extended	Nov. 15	AN
Gem Diamonds sales revenue down 10% in 3rd quarter from 2nd	Nov. 01	AN
Gem Diamonds Limited Reports Production Results for the Period from 1 July 2023 to 30 September 2023 and Year to Date Ended 30 September 2023	Nov. 01	CI

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Company Profile

Gem Diamonds Limited is a United Kingdom-based global producer of high value diamonds. The Company owns around 70% of the Letseng mine in Lesotho. The Letseng mine is famous for the production of large, exceptional white diamonds, making it the highest dollar per carat kimberlite diamond mine in the world. In addition, Letseng has produced high quality pink and blue diamonds. Its segments include Lesotho; Belgium; BVI, RSA, UK and Cyprus, and Botswana. Lesotho segment is engaged in diamond mining activities. Belgium segment is engaged in sales, marketing and manufacturing of diamonds. BVI, RSA, UK and Cyprus segment is engaged in technical and administrative services. Botswana segment is engaged in diamond mining activities (on care and maintenance). It owns the Ghaghoo mine in Botswana. Its subsidiaries include Gem Diamond Technical Services (Proprietary) Limited, Letseng Diamonds (Proprietary) Limited, Gem Diamonds Botswana (Proprietary) Limited and Gem Diamonds Investments Limited.

Sector

Non-Gold Precious Metals & Minerals

Calendar

2024-06-05 - Annual General Meeting

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