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Diamonds & gemstones
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Gemfields lays foundations for a record year, says JP Morgan Cazenove
Coloured stones specialist Gemfields has laid the foundations for a record year, JP Morgan Cazenove said today. Analyst Alexander Mees said he expected a “significant uplift” in production at the Kagem emerald mine in Zambia now
Gemfields update marks a period of transition that should improve production
Gemfields said its performance in the three months to December 31 marked a period of transition which should improve production in the medium-term.
Gemfields backed by City heavyweight JP Morgan Cazenove, which initiates coverage with an 'overweight' rating
City heavyweight JP MorganCazenove initiated coverage of Gemfields today with an overweight recommendation and a 38 pence-a-share price target.
Stellar Diamonds says first results from Droujba are “encouraging”
Stellar Diamonds this morning delivered what it described as “encouraging” results from the first phase of its bulk sampling programme at the Droujba kimberlite pipe in Guinea. The initial grade has been calculated at 60 ca