Gem Diamonds Limited

Equities

GEMD

VGG379591065

Non-Gold Precious Metals & Minerals

Market Closed - London S.E. Other stock markets 11:35:19 2024-12-11 am EST			5-day change	1st Jan Change
9.920 ^GBX	+2.27%		+1.33%	-25.27%

Dec. 03	Gem Diamonds Revises Letšeng Mine Plan in Lesotho, Secures Credit Facility Extension	MT
Dec. 03	Gem Diamonds Limited - Special Call

Gem Diamonds finds ninth diamond over 100 carats in 2024

August 07, 2024 at 08:42 am EDT

Gem Diamonds Ltd - 70% owner of Letseng diamond mine in Lesotho, southern Africa - Finds 145.55 carat type II white diamond at Leseng mine on Saturday. The stone is the ninth diamond of more than 100 carats found so far in 2024. 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: 13.05 pence, up 3.2% in London on Wednesday

12-month change: down 29%

By Tom Waite, Alliance News editor

Comments and questions to newsroom@alliancenews.com

Latest news about Gem Diamonds Limited

Gem Diamonds Revises Letšeng Mine Plan in Lesotho, Secures Credit Facility Extension	Dec. 03	MT
Gem Diamonds Limited - Special Call	Dec. 03
Gem Diamonds Limited Announces Two-Year Extension to the Group's Revolving Credit Facilities	Dec. 03	CI
Ultimate Products annual earnings fall	Oct. 29	AN
Gem Diamonds posts revenue rise as sells more diamonds	Oct. 23	AN
Lloyds backs outlook as profit beats consensus	Oct. 23	AN
Gem Diamonds Limited Reports Production Results for the Period from 1 July 2024 to 30 September 2024 and Period to Date 2024	Oct. 23	CI
Gem Diamonds Limited Reports Sales Results for the Period from 1 July 2024 to 30 September 2024 and Period to Date 2024	Oct. 23	CI
Gem Diamonds Recovers 213-carat White Diamond at Lesotho Mine	Sep. 23	MT
Gem Diamonds finds 213 carat diamond at mine in Lesotho	Sep. 23	AN
Gem Diamonds Limited Announces the Recovery of an Exceptional 212.91ct Type II White Diamond Recovered At the Let?eng Mine in Lesotho	Sep. 23	CI
Gem Diamonds finds 12th large stone at Letseng mine in 2024	Sep. 11	AN
Gym Group climbs; Gem Diamonds shines	Sep. 11	AN
Gem Diamonds Limited Announces Recovery of A 126.21 Carat Type II White Diamond	Sep. 11	CI
Gem Diamonds finds 122 carat stone at Letseng mine	Sep. 06	AN
Gem Diamonds Limited Announces Recovery of a 122.20 Carat Type II White Diamond	Sep. 05	CI
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

Chart Gem Diamonds Limited

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GEMD: Dynamic Chart

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)

More about the company