Gem Diamonds Limited

Equities

GEMD

VGG379591065

Non-Gold Precious Metals & Minerals

Market Closed - London S.E. Other stock markets 11:35:05 2024-05-07 EDT			5-day change	1st Jan Change
12.78 ^GBX	-3.77%		+41.63%	-3.77%

04-30	EARNINGS AND TRADING: Software Circle & Beximco report higher revenue	AN
04-30	Gem Diamonds Limited Announces Recovery of A 118.74 Carat Type II White Diamond	CI

Gem Diamonds Limited Reports Sales Results for the First Quarter Ended 31 March 2024

April 25, 2024 at 02:00 am

Gem Diamonds Limited reported sales results for the first quarter ended 31 March 2024. For the quarter, 5 diamonds sold for more than USD 1.0 million each, generating revenue of USD 18.6 million during the Period.

Latest news about Gem Diamonds Limited

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
Goldman likes Glencore; BofA likes easyJet	01-12	AN
Gem Diamonds recovers 295 carat white diamond in Lesotho	01-11	AN
Gem Diamonds Reports 295-carat White Diamond Recovery in Lesotho	01-11	MT
Gem Diamonds Limited Announces Recovery of A High Quality 295 Carat White Diamond From the Let?eng Mine	01-11	CI
Velocys agrees bid, Helical lets office to Sainsbury	12-05	AN
Gem Diamonds' Letšeng Diamonds Terminates Load, Haul Contract with Matekane Mining	11-15	MT
BiVictriX patent boost; 4Global deal extended	11-15	AN
Gem Diamonds sales revenue down 10% in 3rd quarter from 2nd	11-01	AN
Gem Diamonds Limited Reports Production Results for the Period from 1 July 2023 to 30 September 2023 and Year to Date Ended 30 September 2023	11-01	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

2024-06-05 - Annual General Meeting

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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

0.1602 USD

Average target price

0.3783 USD

Spread / Average Target

+136.12%

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Sector Diamond Mining

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