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.
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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
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
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
Gem Diamonds’ latest discovery shows that, to some extent at least, quality will out
Broker Shore capital called the newly discovered diamond "a whopper"
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
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
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
Big find for Gem Diamonds
Gem Diamonds is now only capitalised at around £85mln
Tough trading conditions keep Gem Diamonds mired in the 90% club
The diamond sector is going through a prolonged patch of soft pricing
Berenberg cuts rating for Gem Diamonds, reduces targets for Petra Diamonds and Firestone Diamonds
After a recent trip to Antwerp, Berenberg’s analysts said: “Sentiment is mixed, with rough diamond prices starting the year on a relatively lacklustre note, but at least remaining stable, rather than weakening"
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Proactive weekly mining highlights: Sirius Minerals, Greatland Gold, Gem Diamonds…
Big financing news from Sirius Minerals and a US$65mln investment from Australian giant Newcrest into Greatland Gold’s Havieron project have dominated the news this week
Why do you always find diamonds in the same places?
The ten richest diamond mines in the world are all located within four countries, but why is the diamond mining industry constrained to such a limited number of locales?
Gem Diamonds sells pink diamond from its Letšeng mine for record US$8.75mln
The per carat price of the pink diamond, which was recovered last month, was US$657,000 – a record for a stone found at Gem’s Letšeng mine in Lesotho
FTSE 100 closes marginally higher ahead of next Parliamentary vote on Brexit
The January US Durable Goods Orders and Shipments Report showed that business equipment investment got off to a sluggish start this year, Berenberg Capital Markets noted
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Spring Statement to dominate on Wednesday amid fallout from Brexit deal vote
While major fiscal measures are not expected, the result of Tuesday's vote on Theresa May's Brexit deal could put the chancellor on the spot
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Shifting supermarket landscape the focus with first-half results from Morrison's
Aside from Morrison's, the Week Ahead will also bring updates from housebuilder Berkeley Group, insurer Prudential and fund manager Standard Life Aberdeen
Real diamonds losing their sparkle among millennials, claims Berenberg
A survey of 2,000 millennial women found that synthetic diamonds are becoming increasingly popular among the younger generation, who don’t care to spend hundreds of pounds of real diamonds
FTSE 100 closes higher as US stocks surge
The UK's premier index closed up around 36 points at 7,367.
Gem Diamonds financials boosted by big diamond finds
"Letšeng's improved recoveries combined with the discovery and subsequent sale of the Lesotho Legend has generated a strong set of results."
FTSE 100 closes in red and at four month-low amid trade worries
The pound added 0.03% against the Euro and was up 0.40% against the US dollar..
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Berkeley Group and Barratt Developments go head-to-head
London will be a hot issue for both house-builders. Much of the rear-view mirror stuff has already been released so the focus will be on current trading.
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Housebuilders to be in focus as Autumn kicks off with a welter of sector updates
Aside from the housebuilders, the week head will also see updates from advertising giant WPP, electricals retailer Dixons Carphone, and transport operator Go-Ahead Group
Gem Diamonds unveils another +100 carat find
The Letšeng mine's latest treasure is described as a 138 carat, top white colour Type IIa diamond
Gem Diamonds posts record number of 100+ carat diamond recoveries in first half
The diamond miner reported that it had recovered 10 diamonds greater than 100 carats over the period, including the Lesotho Legend, a high-quality 910 carat diamond
Gem Diamonds recovers 100.5 carat diamond at Letšeng mine
The diamond, a top white colour Type IIa, is the eleventh diamond over 100 carat diamond to be recovered at the mine so far this year
Proactive Mining Highlights: Gem Diamonds, Papua Mining, Strategic Minerals ...
This week the mining sector brought news of 100-carat diamonds, new discoveries, and rising full-year profits
Gem Diamonds recovers another diamond of over 100 carats from the Letšeng mine in Lesotho
The FTSE small cap group said the 115 carat, top white colour Type IIa diamond is the ninth stone of over 100 carats recovered in 2018
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Proactive weekly mining news highlights: Berkeley Energia, African Battery Metals, Orosur Mining ...
A glance at this week’s top stories from London’s junior miners
Gem Diamonds shares jump as it recovers 169 carat diamond in South Africa
The company's revenues grew as the number of diamonds it sold rose by 14% to 107,152 carats
FTSE 100 slides as dollar rallies on expectations of a March rate hike by the Fed
US workers' pay increased 2.9% year-on-year, compared to expectations of a 2.6% increase.
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Day ahead: BT and AstraZeneca quarterly earnings, US non-farm payrolls
The day ahead includes quarterly earnings from BT and AstraZeneca as well as the US non-farm payrolls report
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Unilever among the quality blue chip updates scheduled, but Fed meeting and US jobs data more important
Week ahead includes updates from FTSE 100 AstraZeneca PLC, BT Group PLC, Royal Dutch Shell PLC, and Unilever PLC, plus a Federal Reserve meeting and January US jobs data
Gem Diamonds recovers "exceptional quality" diamond from Letseng mine, fourth high quality stone found so far this year
This is the fourth high quality diamond of more than 100 carats recovered so far this year from Letseng, the highest dollar-per-carat kimberlite diamond mine in the world
Lucapa Diamond Company recovers Lulo’s largest coloured diamond
A 116 carat low quality boart stone has also been recovered.
Lucapa Diamond Company issues shares in lieu of fees
Lucapa is a growing diamond company with assets in Angola, Lesotho, Botswana and Australia.
FTSE 100 closes in the red but gold price boosts miners
The FTSE 100 closed down 45 at 7,387, while the FTSE 250 lost 86 at 19,773.
What’s in store for Kingfisher investors on Thursday?
The B&Q owner's French business has overshadowed recent decent performances, will it blight the next figures?
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UK economic health eyed from inflation, jobless numbers; Kingfisher updates on trading
Week ahead includes UK inflation, unemployment, average earnings data; trading update from Kingflsher PLC, interims from Hargreaves Lansdown PLC, Admiral PLC ...
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Lloyds and Barclays to dominate manic week of corporate earnings
Week ahead: Lloyds, Barclays, AstraZeneca, GlaxoSmithKline, Sky, Reckitt Benckiser
Gem Diamonds announces discovery of two more notable diamonds from its Letšeng mine in Lesotho
The small cap firm said it had recovered a high-quality 104.73 carat, D-colour Type IIa diamond and a 151.52 carat Type I yellow diamond from the mine.
Gem Diamonds hails quality over quantity following its latest major discovery
The stone is entirely undamaged making this a significant recovery
FTSE 100 closes higher as UK services data provides cheer
The FTSE 100 ended up 13.57 at 7,248 as investors weigh economic data and corporate earnings
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Proactive weekly mining news - Bushveld Minerals, URU Metals and more
A look at the week gone for newsflow from the junior and small cap miners
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Proactive news round-up: StatPro Group, Bushveld Minerals, Hurricane Energy ...
A glance at some of the stories on the Proactive newswire today
Panmure Gordon reiterates ‘buy’ rating, 156p price target on Gem Diamonds after 114 carat diamond recovered
The analyst said: “Given the paucity of large high value recoveries in recent months, we believe this recovery can precede a return to form for Gem as it migrates back towards areas of Letšeng known to historically produce large high value
Randgold Resources rallies as gold prices jump
Some of the main rises and falls in London at 4pm: Randgold Resources, Rio Tinto...
Gem Diamonds recovers 114 carat diamond of exceptional quality from the Letšeng mine
The mine, in Lesotho is well-known for the production of large, top colour, exceptional white diamonds, making it the highest dollar per carat kimberlite diamond mine in the world
Investments and investor services
FTSE 100 gains as investors turn to havens in the wake of US strike on Syria
Neither the US air strikes or the underwhelming US jobs data could prevent the Footsie from finishing the day in the blue
Gem Diamonds slumps as results fail to sparkle
Various issues at its Letšeng and Ghaghoo diamond mines hit revenues and profits
FTSE 100 ends higher before Fed rate decision
FTSE 100 shares ended higher on Wednesday, thanks to buoyancy in the pharma and mining sectors while a US rate card was considered in the bag, priced and sold on the market
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Day ahead: Fed meeting to dominate, although any US rate hike due after London close
Following recent hints from Fed policymakers, most especially chair Janet Yellen, markets are braced for the first US interest rate rise of this year
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Antofagasta closing in on a feasibility study of expansion of Los Pelambres
Big names reporting include Antofagasta, Hikma and Robert Walters.
Papua Mining PLC's samples spark late spree
Some of the largest share price rises and falls in London at 3.45pm
FTSE 100 shares soft but Randgold and small caps jump
FTSE 100 stocks ended lower with sombre Wall Street shares on Monday although gold miner Randgold Resources was the stand out gainer while small-caps scaled record highs
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Week ahead: BP and Glaxo to continue trading trends for oil and drug giants
BP could please on Thursday as its recent quarterly updates have proved a little disappointing. GlaxoSmithKline will unveil its numbers Wednesday.
Gem Diamonds loses its shine, says Barclays Capital
African diamond miner's spending rises and smaller stone production reduce its appeal, says broker
Risers & Fallers: DRS Data, Gem Diamonds, Kaz Minerals, PHSC, Vast Resources
Musical chairs in the Vast Resources but the stock market likes the music
Preview: Full steam ahead for Admiral Group PLC
Cars are in focus on Wednesday: Lookers sells 'em and Admiral insures 'em
Week Ahead: Brexit the looming issue as Bovis and Kingfisher report
The dust is starting to settle after the EU referendum vote, which should mean companies can have a bit more confidence in forecasting the impact