GEM Diamonds at a glance
Gem Diamonds is a leading producer of high-value diamonds. The Group, which has its head office in the United Kingdom and sales, marketing and manufacturing capabilities in Antwerp, owns the Letšeng mine in Lesotho and the Ghaghoo mine in Botswana.
The Letšeng mine is renowned for the regular production of large, top colour, exceptional white diamonds, making it the highest average dollar per carat kimberlite diamond mine in the world. Since Gem Diamonds acquired the mine in 2006, Letšeng has produced over 60 +100 carat, predominantly high value, white diamonds. Amongst these diamonds recovered are the iconic 603 carat Lesotho Promise, the 550 carat Letšeng Star and the 493 carat Letšeng Legacy
In 2015, Letšeng produced the 357 carat Letšeng Dynasty and the 314 carat Letšeng Destiny. In addition Letšeng has produced high quality pink and blue diamonds, with a rare blue diamond achieving a sales price of US$603 047 per carat in 2013 and an exceptional pink diamond achieving $187 700 per carat in 2016.
The Ghaghoo mine, which produces diamonds of a commercial quality, is currently on care and maintenance.
Gem Diamonds has an organic growth strategy based on enhancing the operational efficiencies of the Letšeng mine and re-commencing 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. Financial, technical and administrative services are supported by its South African subsidiary.
Belgium GEM Diamonds marketing services BVBA
The Group's marketing operation, Gem Diamond Marketing Services BVBA, a Belgian-based subsidiary, has implemented a dynamic and flexible sales strategy for its high value diamonds from the Letšeng mine in Lesotho.
Botswana Ghaghoo Diamond mine
In May 2007, Gem Diamonds acquired Gope Exploration from De Beers and Xstrata for US$34 million. Gope Exploration Company (Pty) Limited, now renamed Gem Diamonds Botswana (Pty) Limited, holds a 25 year mining licence for the Gope Deposit, now renamed as Ghaghoo Diamond Mine.More info
Botswana GEM Diamonds marketing services
The Groups's diamond sorting, sales and marketing operations in Botswana focuses on:
- Maximising the revenue achieved on diamond sales
- Developing the Gem Diamonds brand in the market
- Enhancing customer relations
The mine, located in the Maluti Mountains in the Kingdom of Lesotho in Southern Africa, is the world's highest diamond mine, at an average altitude of 3,100m above sea level, and one of the coldest places in Africa.More info
United Kingdom Gem Diamonds Limited
Company headquarters in the United Kingdom
South Africa Gem Diamonds Technical Services
Click on dots
for more information