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 average dollar per carat kimberlite diamond mine in the world.
Gem Diamonds has an organic growth strategy based on enhancing the operating efficiencies of the Letšeng mine and recommencing production at Ghaghoo when the market for this category of diamonds improves. Its primary focus is to achieve operational excellence and enhance value through a continued cost reduction discipline and extracting maximum diamond value through technological initiatives. Additional value is generated through the Group’s sales, marketing and manufacturing capabilities based in Antwerp.
|Stock Market Listing:||London [LSE:GEMD]|
|2017 Results presentation||14-Mar-18|
|More Gem Diamond presentations:||www.gemdiamonds.com/investors-results-reports.php|
|2017 Sustainable Development Report||14-Mar-17|
|2016 Sustainable Development Report||15-Mar-17|
For more information on environmental management policy, health and safety management, corporate social responsibility and GRI reporting scorecards see www.gemdiamonds.com/sustainability.php
Financial year ends 31 December
|2017 Annual Report||14-Mar-18|
|H1 2017 Report||17-Aug-17|
Gem Diamonds owns 70% of Letšeng mine in a partnership with the Government of the Kingdom of Lesotho. At an average elevation of 3 100 metres (10 000 feet) above sea level, it is one of the highest diamond mines in the world. It is also the highest average dollar per carat kimberlite diamond mine in the world; in 2015 the average $/ct achieved was $2,299. Since Gem Diamonds acquired the mine in 2006, Letšeng has produced four of the 20 largest white gem quality diamonds ever recovered (Gem Diamond’s webpage on its famous diamonds). Gem Diamonds also owns the Ghaghoo mine in Botswana.
|Mine||Location||Mining Method||Production 2017
1 Placed on care and maintenance in February 2017
Reserves and Resources