Business
Notification of H1 2013 Trading Update
Notification of H1 2013 Trading Update.
About this update from Gem Diamonds Limited
[{"type":"text","content":"\n \nRNS Number : 8411J Gem Diamonds Limited 23 July 2013 \n \n\n23 July 2013\n \nGEM DIAMONDS LIMITED\n(\"Gem Diamonds\" or \"the Company\")\nNotification of H1 2013 Trading Update\nGem Diamonds Limited (LSE: GEMD) will be reporting its H1 2013 Trading Update for the period 1st January 2013 to 30th June 2013 at 07:00am BST on Monday 29th July 2013.\n \nFor further information:\nGem Diamonds Limited\nSherryn Tedder, Investor Relations\nTel: +27 (0) 11 560 9600\nMob: +27 (0) 83 943 4505\n \nPelham Bell Pottinger\nJames MacFarlane / Joanna Boon\nTel: +44 (0) 20 7861 3232\n \nAbout Gem Diamonds: \nGem Diamonds is a leading producer of high value diamonds. The Company owns 70% of the Letšeng mine in Lesotho as well as the Ghaghoo mine, currently in development 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 top twenty largest white gem quality diamonds recorded.\n \nGem Diamonds has a growth strategy based on the expansion of the Letšeng mine and the development of the Ghaghoo mine, 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 diamond industry over the medium to long term, particularly at the high end of the market, this strategy positions the Company well to generate attractive returns for shareholders in the coming years.\n \nwww.gemdiamonds.com\n\nThis information is provided by RNSThe company news service from the London Stock Exchange END TSTPGUWUMUPWGGP\n ","length":2912,"tagName":"div"}]