Gem Diamonds Limited Notification of 2016 Half Year Trading Update (8682D)
July 12 2016 - 2:00AM
UK Regulatory
TIDMGEMD
RNS Number : 8682D
Gem Diamonds Limited
12 July 2016
12 July 2016
GEM DIAMONDS LIMITED
("Gem Diamonds" or "the Company")
Notification of 2016 Half Year Trading Update Release
Gem Diamonds Limited (LSE: GEMD) will be releasing a Trading
Update for the period
1 January 2016 - 30 June 2016 at 0700 BST on Tuesday, 19 July
2016.
For further information:
Gem Diamonds Limited
Juliet Kirk, Investor Relations
Tel: +44 (0) 203 043 0280
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 twenty largest white gem
quality diamonds ever recorded.
Gem Diamonds has a growth strategy based on the expansion of the
Letšeng mine and bringing the Ghaghoo mine into production, while
maintaining its strong balance sheet. The Company seeks to maximise
revenue and margin from its rough diamond production by pursuing
cutting, polishing and sales and marketing initiatives further
along the diamond value chain. With favourable supply/demand
dynamics expected to benefit the industry over the medium to long
term, particularly at the high end of the market supplied by Gem
Diamonds, this strategy positions the Company well to generate
attractive returns for shareholders in the coming years.
www.gemdiamonds.com
This information is provided by RNS
The company news service from the London Stock Exchange
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