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GEMD Gem Diamonds Limited

9.00
0.50 (5.88%)
Last Updated: 11:17:11
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Gem Diamonds Limited LSE:GEMD London Ordinary Share VGG379591065 ORD USD0.01 (DI)
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.50 5.88% 9.00 8.50 8.60 9.00 9.00 9.00 16,734 11:17:11
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Misc Nonmtl Minrls, Ex Fuels 140.29M -2.13M -0.0154 -5.84 12.42M

Gem Diamonds Limited Recovery of high quality 126 carat diamond (2527K)

06/07/2017 7:00am

UK Regulatory


Gem Diamonds (LSE:GEMD)
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TIDMGEMD

RNS Number : 2527K

Gem Diamonds Limited

06 July 2017

6 July 2017

GEM DIAMONDS LIMITED

("Gem Diamonds" or "the Company")

Recovery of high quality 126 carat diamond

Gem Diamonds Limited (LSE: GEMD) is pleased to announce the recovery of a high quality 126 carat, D colour Type IIa diamond from the Letšeng mine in Lesotho.

Today's announcement follows the news of the recovery of two high quality diamonds in June 2017, a 104.73 carat diamond and a 151.52 carat yellow diamond from Letšeng, the highest dollar per carat kimberlite diamond mine in the world.

The Gem Diamonds Limited LEI number is 213800RC2PGGMZQG8L67.

For further information:

Gem Diamonds

Susan Wallace, Company Secretarial department

ir@gemdiamonds.com

Celicourt Communications

Mark Antelme / Joanna Boon

Tel: +44 (0) 207 520 9261

About Gem Diamonds:

Gem Diamonds is a leading global diamond producer of high value diamonds. The Company owns 70% of the Letšeng mine in Lesotho and 100% of the Ghaghoo mine in Botswana. The Letšeng mine is famous for the production of large, top colour, exceptional white diamonds, making it the highest dollar per carat kimberlite diamond mine in the world. Since Gem Diamonds' acquisition of Letšeng in 2006, the mine has produced four of the 20 largest white gem quality diamonds ever recorded. The Ghaghoo mine in Botswana has been placed on care and maintenance until market conditions allow for recommencement of production. www.gemdiamonds.com

This information is provided by RNS

The company news service from the London Stock Exchange

END

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(END) Dow Jones Newswires

July 06, 2017 02:00 ET (06:00 GMT)

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