Key Developments: Gem Diamonds Ltd (GEMD.L)

GEMD.L on London Stock Exchange

134.00GBp
24 May 2013
Price Change (% chg)

-0.50p (-0.37%)
Prev Close
134.50p
Open
133.00p
Day's High
136.00p
Day's Low
133.00p
Volume
447,466
Avg. Vol
95,786
52-wk High
230.00p
52-wk Low
125.00p

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Latest Key Developments (Source: Significant Developments)

Gem Diamonds Ltd Announces Board Changes
Wednesday, 3 Apr 2013 02:00am EDT 

Gem Diamonds Ltd announced the retirement of its Chief Financial Officer (CFO), Mr Kevin Burford. Mr Burford's retirement is effective from April 01, 2013 and he will be succeeded by Gem Diamonds' current Group Financial Manager.  Full Article

Gem Diamonds Ltd Does Not Recommend Dividend
Tuesday, 21 Aug 2012 02:01am EDT 

Gem Diamonds Ltd announced that the Directors do not intend recommending the declaration of a dividend.  Full Article

Gem Diamonds Ltd Announces Sale Of The 550ct Letšeng Star
Monday, 24 Oct 2011 02:00am EDT 

Gem Diamonds Ltd announced the sale of the Letšeng Star, a 550 carat, Type IIa, D colour, white gem diamond recovered on August 19, 2011 at the Company's Letšeng mine in the Kingdom of Lesotho. Under the new sales and marketing strategy, the Letšeng Star has been sold into a profit sharing arrangement for a rough price of USD16.5 million, payable immediately. Letšeng Diamonds will then further benefit from a share of the downstream polished margin uplift resulting from the sale of the polished diamonds cut from the Letšeng Star.  Full Article

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Gem Diamonds Ltd News

Gem Diamonds first-quarter production falls

April 24 - Gem Diamonds Ltd said first-quarter production fell about 38 percent from the preceding quarter, citing a decline in the amount and grade of ore it mined.

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Earnings vs. Estimates

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