Company
Gem Diamonds Limited
LON:GEMD
Gem Diamonds Limited is a leading global diamond producer of large high value diamonds. The company owns 70% of the Letšeng mine in Lesotho and is currently in the process of selling its 100% share of the Ghaghoo mine in Botswana. The Letšeng mine is famous for the production of large, exceptional white diamonds, making it the highest dollar per carat kimberlite diamond mine in the world.
132 stories · page 1 of 7
Archive
Gem Diamonds and Petra downgraded as sanctions having no price impact, says Liberum
Alrosa, a group of Russian diamond mining companies, accounts for 30% of all diamonds supplied
Archive
Gem Diamonds posts higher FY profits as diamond prices recover in second half of year
It recovered 16 diamonds greater than 100 carats each, the highest number recovered in a single year
Archive
Gem Diamonds upgraded to ‘buy’ by house broker Liberum after strong quarter
The price target was also doubled to 60p from 30p after the Letseng mine went back to full production and the company returned to a net cash position
Archive
Gem Diamonds’ latest discovery shows that, to some extent at least, quality will out
Broker Shore capital called the newly discovered diamond "a whopper"
Archive
Gem Diamonds recovers 442 carat diamond at Letšeng mine
CEO Clifford Elphick said a portion of the proceeds from the sale will fund a special community project in Lesotho, where the mine is located
Archive
Gem Diamonds to reopen Lesotho mine during lockdown
The miner said there have been no cases of coronavirus in Lesotho or in any of its international operations
Archive
Signs of life in the diamond market, but we’re not out of the woods yet
Diamond company shares are bumping along at multi-year lows
Archive
Tough trading conditions keep Gem Diamonds mired in the 90% club
The diamond sector is going through a prolonged patch of soft pricing