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| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|
| -0.08 | -0.99% | 8.02 | 7.66 | 8.28 | 8.34 | 7.96 | 8.00 | 175,972 | 12:23:20 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Misc Nonmtl Minrls, Ex Fuels | 140.29M | -2.13M | -0.0154 | -5.21 | 11.07M |
From Apr 2019 to Apr 2024
TIDMGEMD
RNS Number : 4848H
Gem Diamonds Limited
13 March 2018
13 March, 2018
GEM DIAMONDS LIMITED
("Gem Diamonds" or "the Company")
Sale of The Lesotho Legend
Exceptional quality 910 carat diamond achieves US$40m on tender
Gem Diamonds Limited (LSE: GEMD) is pleased to announce that the exceptional quality 910 carat D colour Type IIa diamond recovered from the Letšeng mine in January 2018 achieved a price of US$40 million on tender in Antwerp on 12 March, 2018.
Reflecting its significance, the diamond, which is the fifth largest gem quality diamond ever recovered, has been named The Lesotho Legend.
A video on The Lesotho Legend can now be viewed via the Company's website, www.gemdiamonds.com
Clifford Elphick, Gem Diamonds' Chief Executive Officer, commented:
"We are delighted with the outcome of the sale of this iconic diamond, which demonstrates the exceptional quality of The Lesotho Legend itself, as well as reaffirming the unique quality of the Letšeng diamond production."
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 / Jimmy Lea
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. www.gemdiamonds.com
This information is provided by RNS
The company news service from the London Stock Exchange
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March 13, 2018 03:00 ET (07:00 GMT)
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