Gem Diamonds Limited

Equities

GEMD

VGG379591065

Non-Gold Precious Metals & Minerals

Market Closed - London S.E. Other stock markets 16:35:05 05/07/2024 BST			5-day change	1st Jan Change
13.35 ^GBX	+6.37%		+2.30%	+0.56%

07-02	EARNINGS AND TRADING: CML profit falls but sales rise; Gem's discovery	AN
07-02	Gem Diamonds shines, Nanoco slumps	AN

Gem Diamonds Limited Announces Recovery of A 123.20 Carat Type II White Diamond

July 02, 2024 at 07:00 am

Gem Diamonds Limited announced the recovery of a remarkable 123.20ct Type II White Diamond recovered at the Let?eng mine in Lesotho on 29 June 2024. This is the eighth greater than 100 carat diamond recovered in 2024.

Latest news about Gem Diamonds Limited

EARNINGS AND TRADING: CML profit falls but sales rise; Gem's discovery	07-02	AN
Gem Diamonds shines, Nanoco slumps	07-02	AN
Gem Diamonds Limited Announces Recovery of A 123.20 Carat Type II White Diamond	07-02	CI
Gem Diamonds finds second large diamond in one week	06-04	AN
Gem Diamonds Finds 172-carat White Diamond at Lesotho Mine	06-04	MT
Gem Diamonds Limited Announces Recovery of A 172.06 Carat Type II White Diamond	06-04	CI
EXECUTIVE CHANGES: Pendragon chair to remain chair of Pinewood Tech	06-01	AN
Gem Diamonds finds sixth diamond over 100 carats in 2024	05-29	AN
Gem Diamonds Limited Announces Recovery of 212.49 Carat Type II White Diamond	05-29	CI
EARNINGS AND TRADING: Software Circle & Beximco report higher revenue	04-30	AN
Gem Diamonds Limited Announces Recovery of A 118.74 Carat Type II White Diamond	04-30	CI
Norcros sells Johnson Tiles UK; Trifast trading well	04-25	AN
Gem Diamonds Limited Reports Sales Results for the First Quarter Ended 31 March 2024	04-25	CI
Gem Diamonds discovers white diamond over 100 carats	04-22	AN
Gem Diamonds Limited Announces Recovery of A 169.15 Carat Type II White Diamond	04-22	CI
EARNINGS AND TRADING: Smarttech247 and Beeks in deal boosts	03-14	AN
Ceres rises; Capital revenue below outlook	03-14	AN
Transcript : Gem Diamonds Limited, 2023 Earnings Call, Mar 14, 2024	03-14
Gem Diamonds Limited Reports Earnings Results for the Full Year Ended December 31, 2023	03-14	CI
Gem Diamonds finds 113 carat type 2 white diamond in Lesotho	02-19	AN
Gem Diamonds Finds 113-carat White Diamond at Lesotho Mine	02-19	MT
Gem Diamonds Limited Announce the Recovery of A High Quality 113 Carat White Type Ii Diamond	02-19	CI
Gem Diamonds meets annual guidance but sales still down	02-01	AN
Gem Diamonds Limited Reports Sales Results from 1 October 2023 to 31 December 2023	02-01	CI
Gem Diamonds Limited Reports Production Results for the Period from 1 October 2023 to 31 December 2023 and Full Year Ended 31 December 2023	02-01	CI

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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.

Sector

Non-Gold Precious Metals & Minerals

Calendar

28/08/2024 - Q2 2024 Earnings Release (Projected)

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Ratings for Gem Diamonds Limited

Trading Rating

Investor Rating

ESG Refinitiv

C+

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Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

0.171 USD

Average target price

0.3784 USD

Spread / Average Target

+121.33%

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Annual profits - Rate of surprise

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Sector Diamond Mining

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Diamond Mining