Notice of Results

RNS Number : 4118M

Gem Diamonds Limited

16 August 2011

 



16 August 2011

Gem Diamonds Limited

('Gem Diamonds' or the 'Company')

Notice of Half Year Results

Gem Diamonds (LSE: GEMD) will announce its half year results for the period ending 30th June, 2011, on Friday, 19th August  2011 at 07.00 BST.

An analyst telephone conference call will be held on Friday, 19th August 2011, at 11.00 BST. A live webcast of the presentation to analysts will also be available on the Company's website (www.gemdiamonds.com)

For further information:

Gem Diamonds Limited

Clifford Elphick, Chief Executive Officer

Glenn Turner, Chief Commercial and Legal Officer

Tel: [phone]

Richard Chetwode, Investor Relations

Tel: [phone]

Mob: [phone]

Gem Diamond Technical Services (Pty) Ltd

Sherryn Tedder, Corporate Affairs

Tel: [phone]

Mob: [phone]

Pelham Bell Pottinger

Charles Vivian

Tel: [phone]

Mob: [phone]

James MacFarlane

Tel: [phone]

Mob: [phone]

About Gem Diamonds:

Gem Diamonds is a global diamond mining company that is pursuing a long term growth strategy through the development of its existing assets and targeted acquisitions. Under the depressed market conditions of late 2008 and early 2009, the Company focused its strategy on developing its cash generating assets and curtailing all non-essential capital and development expenditure. Following the steady improvement in the diamond market during 2010, the Company has completed the development of a growth strategy designed to take advantage of these improving conditions.

The Company's portfolio comprises producing kimberlite and lamproite mines in Lesotho and Australia, as well as a mine development project Botswana.

With Letšeng's production of the world's most remarkable white diamonds and Ellendale's production of rare fancy yellow diamonds, Gem Diamonds remains focused on higher value diamonds. This segment of the market is expected to deliver attractive long term returns.

www.gemdiamonds.com

 

END

 

 

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