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Last 128.00 GBp
Change Today +2.00 / 1.59%
Volume 123.4K
GEMD On Other Exchanges
Symbol
Exchange
London
Stuttgart
OTC US
OTC US
As of 11:35 AM 07/31/15 All times are local (Market data is delayed by at least 15 minutes).

gem diamonds ltd (GEMD) Snapshot

Open
125.75 GBp
Previous Close
126.00 GBp
Day High
128.75 GBp
Day Low
125.75 GBp
52 Week High
08/20/14 - 223.00 GBp
52 Week Low
07/30/15 - 123.00 GBp
Market Cap
177.0M
Average Volume 10 Days
167.9K
EPS TTM
0.24 GBp
Shares Outstanding
138.3M
EX-Date
05/7/15
P/E TM
8.3x
Dividend
0.05 GBp
Dividend Yield
2.57%
Current Stock Chart for GEM DIAMONDS LTD (GEMD)

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gem diamonds ltd (GEMD) Details

Gem Diamonds Limited is engaged in mining, evaluation, development, and production of diamonds. The company operates the Letšeng mine in Lesotho; and develops the Ghaghoo mine in Botswana. It also manufactures and markets rough and polished diamonds in Belgium and Mauritius. In addition, the company provides technical, financial, and management consulting services. It serves diamantaires and manufacturers in New York, Belgium, Israel, India, China, South Africa, the United Kingdom, the Middle East, and Switzerland. Gem Diamonds Limited was founded in 2005 and is headquartered in London, the United Kingdom.

Founded in 2005

gem diamonds ltd (GEMD) Top Compensated Officers

Chief Executive Officer, Director and Member ...
Total Annual Compensation: 690.7K GBP
Chief Financial Officer and Director
Total Annual Compensation: 304.0K GBP
Chief Operating Officer and Executive Directo...
Total Annual Compensation: 498.8K GBP
Chief Legal & Commercial Officer, Company Sec...
Total Annual Compensation: 462.7K GBP
Compensation as of Fiscal Year 2013.

gem diamonds ltd (GEMD) Key Developments

Gem Diamonds Limited Provides Operating Update for the First Half Year Ended 30 June 2015

Gem Diamonds Limited has provided operating update for the first half year ended 30 June 2015. Letšeng: Successful delivery of projects and solid operational performance; prices achieved for high value diamonds remain firm despite difficult market conditions: Average price of $2,264 per carat was achieved in the first half of 2015 against $2,338 per carat in the second half of 2014; 13 rough diamonds achieved a value of greater than $1.0 million each; In addition to the 314 carat Type IIa white diamond previously reported, another outstanding quality 357 carat Type IIa white diamond was recovered and is expected to be sold in the third quarter of 2015; Further four diamonds of over 100 carats each were sold in the Period, including a top quality 108 carat Type IIa rough diamond which sold for $65,226 per carat; and The Plant 2 Phase 1 upgrade and the Coarse Recovery Plant construction were successfully completed on time and within budget. On the first day of its operation, the new XRT unit recovered a high quality 52 carat Type IIa diamond. Ghaghoo: Recovered grade in latter part of H1 2015 was above reserve grade; recovery of larger diamonds beginning to fill gaps in size frequency distribution model; Recovered grade fluctuated between 28 and 30 cpht in the last two months of H1 2015 (compared to the reserve grade of 27.8 cpht); Small size blue and pink coloured diamonds recovered; confirming presence of these valuable diamonds in the ore body; 5 stoping tunnels opened providing increased ore availability; A 48 carat diamond was recovered in July 2015 with an increasing number of diamonds in the 10 to 30 carat size range being recovered, albeit still below modelled frequencies; and A second parcel of 29 891 carats of commissioning phase production sold for $4.9 million in July 2015 ($165 per carat) in a difficult market.

Gem Diamonds Limited to Report First Half, 2015 Sales/Trading Statement Results on Jul 30, 2015

Gem Diamonds Limited announced that they will report first half, 2015 sales/trading statement results on Jul 30, 2015

Gem Diamonds Limited Announces Production Results for the Fourth Months Ended April 2015

Gem Diamonds Limited announced production results for the fourth months ended April 2015. For the period, the company reported ore treated was Waste stripped was 7,292,295 tonnes against 6,804,007 tonnes a year ago. Ore treated was 1,984,361 tonnes against 2,097,545 tonnes a year ago. Carats recovered were 31,369 against 34,205 a year ago. Grade recovered was 1.58 cpht against 1.63 cpht a year ago.

 

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GEMD:LN 128.00 GBp +2.00

GEMD Competitors

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Company Last Change
Lucara Diamond Corp C$2.00 CAD 0.00
Alrosa PAO 71.20 RUB +3.43
Petra Diamonds Ltd 150.30 GBp +1.00
Rockwell Diamonds Inc C$0.20 CAD -0.005
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Industry Analysis

GEMD

Industry Average

Valuation GEMD Industry Range
Price/Earnings 8.4x
Price/Sales 1.0x
Price/Book 0.9x
Price/Cash Flow 8.3x
TEV/Sales 1.0x
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