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Gem Diamonds slashes guidance after operational woes in Q3

Gem Diamonds slashes guidance after operational woes in Q3

Shares down 12% in London on Thursday morning

Precious stones

28 OCTOBER 2021
Diamond quality underpins Gem H1 numbers

Diamond quality underpins Gem H1 numbers

Africa-focused producer continues to target strong margins from Letšeng

Profit & Loss

03 SEPTEMBER 2021
COVID-19 weekly updates: Resources & METS sector

COVID-19 weekly updates: Resources & METS sector

Gem Diamonds' Letseng mine in Lesotho remains operational during the country's latest lockdown

Covid-19

15 JANUARY 2021
Letseng mine to continue amid Lesotho lockdown

Letseng mine to continue amid Lesotho lockdown

Country moves to code red

Covid-19

14 JANUARY 2021
Gem Diamonds sees output, revenue drop

Gem Diamonds sees output, revenue drop

Letšeng could be set to re-open but diamond demand is expected to remain low.

Precious stones

21 APRIL 2020
COVID-19 weekly update

COVID-19 weekly update

What impact is COVID-19 having on mining and METS?

Covid-19

03 APRIL 2020
COVID-19 weekly update

COVID-19 weekly update

A look at what's happened around the world this week in mining and METS.

Politics

27 MARCH 2020
Gem keeps diamond recoveries steady

Gem keeps diamond recoveries steady

A 13.33ct pink diamond was sold for a Letšeng record of $656,933/carat

Precious stones

08 MAY 2019
Gem sells 13.33ct pink diamond for record price

Gem sells 13.33ct pink diamond for record price

Stone recovered at Letšeng sold for US$8.75M or $656,933/ct

Precious stones

14 MARCH 2019
Gem misses analyst forecasts, but ups earnings 70%

Gem misses analyst forecasts, but ups earnings 70%

Diamond miner was forecast to hand back cash but says balancing books more important

Profit & Loss

13 MARCH 2019
Gem nets record 100ct diamond haul

Gem nets record 100ct diamond haul

Higher volume of rough diamonds recovered during the year at Letšeng

Precious stones

08 FEBRUARY 2019
Gem ups Letšeng recovery, guidance

Gem ups Letšeng recovery, guidance

Diamond recovery guidance increased to 120,000-124,000ct

Precious stones

31 OCTOBER 2018