Gem Diamonds Limited
Capital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Semi-annual Revenue
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in mil. unless spec.Semi-annual Earnings Per Share
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in mil. unless spec.Company Description
- CEO
- Clifford Thomas Elphick
- Full Time Employees
- 1,000
- Sector
- Non-energy minerals
- Industry
- Other metals/Minerals
- Address
- 2 Eaton Gate London GL United Kingdom SW1W 9BJ
- IPO Date
- Feb 20, 2007
- Website
- gemdiamonds.com
- Similar Companies
- Business
- Gem Diamonds Limited Gem Diamonds Limited (GEMD.L) operates as a global diamond producer focused on high-value diamonds from its primary asset, the Letšeng mine in Lesotho, where it holds a 70% ownership interest alongside the Government of Lesotho; the company also previously owned the Ghaghoo mine in Botswana. Letšeng stands as the world's highest average US dollar per carat kimberlite diamond mine, renowned for producing large, Type IIa white diamonds, including exceptional pink and blue stones, with over 126 diamonds exceeding 100 carats recovered since acquisition in 2006; operations involve open-pit mining across two kimberlite pipes processed through three treatment plants with annual throughput of 6.4-6.6 million tonnes at low grade but high value. Core products and services encompass rough diamond production and sales via tender processes in Antwerp, Belgium, through Gem Diamonds Marketing Services BVBA; polished diamond manufacturing and margin-sharing partnerships with luxury brands via Baobab Technologies BVBA; technical, financial, administrative, and management consulting via subsidiaries in South Africa; and innovation solutions including R&D in Cyprus. The company maintains sales, marketing, sorting, analysis, and manufacturing in Belgium; head offices in London, United Kingdom; and support operations in South Africa and Cyprus, targeting premium international diamond markets. Founded in 2005 and headquartered at 2 Eaton Gate, London SW1W 9BJ, United Kingdom, Gem Diamonds recently sold its 100%-owned Ghaghoo mine in Botswana to Pro Civil for US$5.4 million following care and maintenance since 2017 and prior failed transactions; reported H1 2025 revenue of US$45.4 million from 44,360 carats at US$1,008 per carat plus polished margins; achieved Q3 2025 recovery of three >100 carat diamonds and 22,268 total carats; released its 2024 Annual Report in March 2025 highlighting net cash strategies and operational enhancements at Letšeng including waste dumping improvements and renewable energy studies; and appointed Janet as Non-Executive Director in April 2025.
Company News
Gem Diamonds Limited (GMDMF) Q2 2026 Earnings Call Transcript
Gem Diamonds shares jump 70% after blow-out results; broker hails performance
Gem Diamonds Limited (GMDMF) Q4 2025 Earnings Call Prepared Remarks Transcript
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Gem Diamonds shares fall 18% as revenue slumps and impairment charges push it to $104m loss
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Gem Diamonds shares fall 18% as revenue slumps and impairment charges push it to $104m loss
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Gem Diamonds share jump as quarter impresses
Gem Diamonds shares climb 9% after strong Q3 sales and major diamond recoveries
Gem Diamonds Limited (GMDMF) Q2 2025 Earnings Call Transcript
Gem Diamonds shares drop 15% amid weak prices and operational cuts
Gem Diamonds shares up 8% after recovering 212-carat stone
Gem Diamonds loses more shine as rough prices slide
Gem Diamonds recovers 370 carat white diamond