Gem Diamonds Di Share News (GEMD)

SMALL-CAP WINNERS & LOSERS: Ultimate Products annual earnings fall

(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Tuesday.

IN BRIEF: Gem Diamonds posts revenue rise as sells more diamonds

Gem Diamonds Ltd - diamond miner in Lesotho and Botswana - Says revenue rose in the third-quarter as it sold more carats, noting a revenue climb in the third-quarter of 23% to USD42.7 million from USD34.8 million in the second-quarter. It said 26,617 carats were sold during the period, up 9.0% from 24,422 carats in the second. "Six diamonds sold for more than USD1.0 million each, contributing USD22.6 million to the revenue for the period," Gem Diamonds says. The achieved price per carat was USD1,603 in the third quarter, up 13% from USD1,424 in the second quarter. The highest price achieved in the three months was USD45,537 per carat for a 10.98 carat pink diamond. In the third quarter of 2023, the highest price achieved had been USD36,399 per carat for a white 58.71 carat type IIa diamond, and USD67,853 per carat for a 5.96 carat pink diamond.

Gem Diamonds reports solid quarter for operations, sales

(Sharecast News) - Gem Diamonds reported a solid third quarter operational and sales performance on Wednesday, achieving higher sales volumes and revenue compared to the prior quarter.

LONDON BRIEFING: Lloyds backs outlook as profit beats consensus

(Alliance News) - London's FTSE 100 is called to open a touch lower on Wednesday, while the dollar continued to rise as US interest rate cut bets are being dialled back.

IN BRIEF: Gem Diamonds finds 213 carat diamond at mine in Lesotho

Gem Diamonds Ltd - 70% owner of Letseng diamond mine in Lesotho, southern Africa - Finds 212.91 carat type II white diamond at Letseng mine on Thursday last week. The stone is the 13th diamond of more than 100 carats found so far at Letseng in 2024. Gem recovered two such diamonds earlier this month and two in August. The value of such large stones varies widely. In the first quarter of this year, Gem Diamonds said it sold 113.11 carat white diamond for USD39,345 per carat, or USD4.5 million.

IN BRIEF: Gem Diamonds finds 12th large stone at Letseng mine in 2024

Gem Diamonds Ltd - 70% owner of Letseng diamond mine in Lesotho, southern Africa - Finds 126.21 carat type II white diamond at Leseng mine on Friday last week. The stone is the 12th diamond of more than 100 carats found so far in 2024. Gem recovered a 122.20 carat diamond earlier this month and 129.71 carat and 145.55 carat stones last month. The value of such large stones varies widely. In the first quarter of this year, Gem Diamonds said it sold 113.11 carat white diamond for USD39,345 per carat, or USD4.5 million.

SMALL-CAP WINNERS & LOSERS: Gym Group climbs; Gem Diamonds shines

(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Wednesday.

IN BRIEF: Gem Diamonds finds 122 carat stone at Letseng mine

Gem Diamonds Ltd - 70% owner of Letseng diamond mine in Lesotho, southern Africa - Finds 122.20 carat type II white diamond at Leseng mine this past Sunday. The stone is the 11th diamond of more than 100 carats found so far in 2024. Gem recovered 129.71 carat and 145.55 carat stones last month. The value of such large stones varies widely. In the first quarter of this year, Gem Diamonds said it sold 113.11 carat white diamond for USD39,345 per carat, or USD4.5 million.

EARNINGS AND TRADING: Somero hurt by North America revenue decline

(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:

Gem Diamonds lifts output guidance as H1 profits more than double

(Sharecast News) - Underlying profits at Gem Diamonds more than doubled in the first half as increases in production, as well as the number of larger gemstones recovered, was able to offset a dip in the average price per carat.

IN BRIEF: Gem Diamonds finds 10th diamond above 100 carats in 2024

Gem Diamonds Ltd - 70% owner of Letseng diamond mine in Lesotho, southern Africa - Finds 129.71 carat type II white diamond at Leseng mine on Friday last week. The stone is the tenth diamond of more than 100 carats found so far in 2024. Gem recovered a 145.55 carat diamond at the beginning of this month. The value of such large stones varies widely. In the first quarter of this year, Gem Diamonds said it sold 113.11 carat white diamond for USD39,345 per carat, or USD4.5 million.

Gem Diamonds finds 130-carat stone in Lesotho

(Sharecast News) - Shares in Gem Diamonds were given a boost on Wednesday after the Southern Africa-focused diamond miner announced the recovery of another giant gemstone from its Letšeng mine.

UK earnings, trading statements calendar - next 7 days

IN BRIEF: Gem Diamonds revenue up 9% in first half on higher volume

Gem Diamonds Ltd - 70% owner of Letseng diamond mine in Lesotho, southern Africa - Sells 56,944 carats of diamonds during the first half of 2024, up 9.2% from 52,163 a year before, bringing in USD77.9 million in revenue, up 8.8% from USD71.6 million, despite a slightly lower average price of USD1,366 per carat, versus USD1,373. The highest price received was USD41,007 per carat for a 62.8 carat white diamond. Gem recovers 55,873 carats of diamonds from the Letseng mine during the first half, up 10% from 50,601 in the first half of 2023. Says all operational and financial metrics are in line with guidance provided in March.

Gem Diamonds reports solid solid first-half recovery, sales figures

(Sharecast News) - Gem Diamonds reported solid operational and sales results for the first half on Tuesday, with growth in both carat sales and revenue.