Gem Diamonds Limited Notification of Q4 2015 Trading Update (4535N)
January 29 2016 - 6:00AM
UK Regulatory
TIDMGEMD
RNS Number : 4535N
Gem Diamonds Limited
29 January 2016
GEM DIAMONDS LIMITED
("Gem Diamonds" or "the Company")
Notification of Q4 2015 Trading Update
Gem Diamonds Limited (LSE: GEMD) will be releasing a Trading
Update for the period 1 October 2015 to 31 December 2015 at 07:00
GMT on Wednesday 3 February 2016.
For further information:
Gem Diamonds Limited
Juliet Kirk, Assistant Company Secretary
Tel: +44 (0) 203 043 0280
Bell Pottinger
Daniel Thöle / Anna Legge
Tel: +44 (0) 203 772 2500
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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