Last checked at 12 Mar 2012 07:00
12 March 2012
GEM DIAMONDS LIMITED
("Gem Diamonds" or the "Company")
NOTIFICATION OF FULL YEAR RESULTS
Gem Diamonds Limited (LSE: GEMD) announces that it intends to release its full year results for the year ended 31 December 2011 at 7am BST on Tuesday 20 March 2012.
An analyst presentation will be held at 9:30am BST in the Theatre at the London Stock Exchange, 10 Paternoster Square, London, EC4M 7LS. A live webcast of this presentation will also be available on the Company's website (www.gemdiamonds.com).
For further information:
Gem Diamonds Limited
Sherryn Tedder, Investor Relations
Tel: +27 (0) 11 560 9600
Mob: +27 (0) 83 943 4505
Kim O'Farrell, Public and Media Relations
Tel: +44 (0) 203 043 2080
Mob: +44 (0) 776 506 1316
Pelham Bell Pottinger
James MacFarlane
Tel: +44 (0) 20 7861 3232
About Gem Diamonds:
Gem Diamonds is a leading global diamond producer with a focus on high value diamonds. Its production portfolio comprises kimberlite and lamproite mines in Lesotho and Australia, and a mine development project in Botswana. Both production mines are world-leaders in production of the highest quality, highest value gems: remarkable whites from the Letšeng mine in Lesotho; fancy yellow diamonds from Ellendale in Australia. This production positions the Company strongly in a segment of the market expected to generate attractive returns over the long term.
Gem Diamonds has a clear and consistent growth strategy based on the development of its existing assets and maximising its revenue from its rough diamonds by pursuing cutting and polishing initiatives further down the diamond pipeline. The strategy has been implemented with a view to maximizing the returns from the Company's existing assets based on the favourable supply demand dynamics which are forecast over the longer term.
www.gemdiamonds.com