Business
Notification of 2016 Half Year Trading Update
Notification of 2016 Half Year Trading Update.
About this update from Gem Diamonds Limited
[{"type":"text","content":"\n \nRNS Number : 8682D Gem Diamonds Limited 12 July 2016 \n\n \n12 July 2016 \n \n \nGEM DIAMONDS LIMITED\n(\"Gem Diamonds\" or \"the Company\")\nNotification of 2016 Half Year Trading Update Release\n \nGem Diamonds Limited (LSE: GEMD) will be releasing a Trading Update for the period \n1 January 2016 - 30 June 2016 at 0700 BST on Tuesday, 19 July 2016. \n \n \n \nFor further information:\nGem Diamonds Limited\nJuliet Kirk, Investor Relations\nTel: +44 (0) 203 043 0280\n \nCelicourt Communications\nMark Antelme / Joanna Boon\nTel: +44 (0) 207 520 9261 \nAbout Gem Diamonds:\nGem 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 dollar per carat kimberlite diamond mine in the world. Since Gem Diamonds' acquisition of Letšeng in 2006, the mine has produced four of the twenty largest white gem quality diamonds ever recorded.\nGem Diamonds has a growth strategy based on the expansion of the Letšeng mine and bringing the Ghaghoo mine into production, while maintaining its 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.\nwww.gemdiamonds.com \n \n\nThis information is provided by RNSThe company news service from the London Stock Exchange END MSCQFLFFQDFLBBE\n ","length":3354,"tagName":"div"}]