Full year results for the period ending 31 December 2015Back
08 Mar 2016
Gem Diamonds Limited (LSE: GEMD) will announce its Full Year Results for the period ending 31 December 2015, on Tuesday 15 March 2016 at 0700 GMT.
The Company will be hosting an audio presentation on 15 March 2016 at 0930 GMT. A live audio webcast of this presentation will be available on the Company's website: www.gemdiamonds.com
FOR FURTHER INFORMATION:
Gem Diamonds Limited
Juliet Kirk, Investor Relations
Tel: +44 (0)203 043 0280
Mob: +44 (0)751 721 9989
Daniel ThÃ¶le/Anna Legge
Tel: +44 (0) 203 772 2500
ABOUT GEM DIAMONDS:
Gem Diamonds is a leading global diamond producer of high value diamond. .The LetÅ¡eng mine is famous for the production of large, top colour, exceptional white diamonds, making it the highest dollar per carat kimberlite diamond mine in the world. Since Gem Diamond's acquisition of LetÅ¡eng in 2006, the mine has produced four of the twenty largest white gem quality diamonds ever recorded.
Gem Diamonds has a growth strategy based on the expansion of the LetÅ¡eng mine and bringing the Ghaghoo mine into production, while maintaining it strong balance sheet. The Company seeks to maximise revenue and margin from its rough diamond production by pursuing cutting, polishing and sales and marketing initiatives further along the diamond value chain. With favourable supply/demand dynamics expected to benefit the industry over the medium to long term, particularly at the high end of the market supplied by Gem Diamonds, this strategy positions the Company well to generate attractive returns for shareholders in the coming years.