Gem Diamonds Limited

Equities

GEMD

VGG379591065

Non-Gold Precious Metals & Minerals

Delayed London S.E. Other stock markets 03:02:23 2024-09-06 am EDT			5-day change	1st Jan Change
13.40 ^GBX	+3.51%		-9.74%	+0.97%

07:58am	Gem Diamonds finds 122 carat stone at Letseng mine	AN
Sep. 05	Gem Diamonds Limited Announces Recovery of a 122.20 Carat Type II White Diamond	CI

Gem Diamonds finds 122 carat stone at Letseng mine

September 06, 2024 at 01:58 am EDT

Gem Diamonds Ltd - 70% owner of Letseng diamond mine in Lesotho, southern Africa - Finds 122.20 carat type II white diamond at Leseng mine this past Sunday. The stone is the 11th diamond of more than 100 carats found so far in 2024. Gem recovered 129.71 carat and 145.55 carat stones last month. The value of such large stones varies widely. In the first quarter of this year, Gem Diamonds said it sold 113.11 carat white diamond for USD39,345 per carat, or USD4.5 million.

Current stock price: 12.95 pence, up 3.2% in London on Thursday

12-month change: down 24%

By Tom Waite, Alliance News editor

Comments and questions to newsroom@alliancenews.com

Latest news about Gem Diamonds Limited

Gem Diamonds finds 122 carat stone at Letseng mine	01:58am	AN
Gem Diamonds Limited Announces Recovery of a 122.20 Carat Type II White Diamond	Sep. 05	CI
EARNINGS AND TRADING: Somero hurt by North America revenue decline	Aug. 29	AN
Transcript : Gem Diamonds Limited, H1 2024 Earnings Call, Aug 29, 2024	Aug. 29
Earnings Flash (GEMD.L) GEM DIAMONDS Reports H1 Revenue $78M	Aug. 29	MT
Earnings Flash (GEMD.L) GEM DIAMONDS Reports H1 EPS $0.01	Aug. 29	MT
Gem Diamonds Limited Reports Earnings Results for the Half Year Ended June 30, 2024	Aug. 29	CI
Gem Diamonds finds 10th diamond above 100 carats in 2024	Aug. 28	AN
Gem Diamonds Finds 130-carat White Diamond at Lesotho Mine	Aug. 28	MT
Gem Diamonds revenue up 9% in first half on higher volume	Aug. 13	AN
Gem Diamonds Limited Reports Production Results for the First Half Ended 30 June 2024	Aug. 13	CI
Gem Diamonds finds ninth diamond over 100 carats in 2024	Aug. 07	AN
Gem Diamonds Unearths 146-carat White Diamond at Lesotho Mine	Aug. 07	MT
EARNINGS AND TRADING: CML profit falls but sales rise; Gem's discovery	Jul. 02	AN
Gem Diamonds shines, Nanoco slumps	Jul. 02	AN
Gem Diamonds Limited Announces Recovery of A 123.20 Carat Type II White Diamond	Jul. 02	CI
Gem Diamonds finds second large diamond in one week	Jun. 04	AN
Gem Diamonds Finds 172-carat White Diamond at Lesotho Mine	Jun. 04	MT
Gem Diamonds Limited Announces Recovery of A 172.06 Carat Type II White Diamond	Jun. 04	CI
EXECUTIVE CHANGES: Pendragon chair to remain chair of Pinewood Tech	Jun. 01	AN
Gem Diamonds finds sixth diamond over 100 carats in 2024	May. 29	AN
Gem Diamonds Limited Announces Recovery of 212.49 Carat Type II White Diamond	May. 29	CI
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

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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.

Employees

327

Sector

Non-Gold Precious Metals & Minerals

Calendar

2025-03-12 - Q4 2024 Earnings Release (Projected)

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