H1 2010 Trading Update to be

RNS Number : 4989P

Gem Diamonds Limited

16 July 2010

 



16 July 2010

GEM DIAMONDS LIMITED

("Gem Diamonds" or the "Company")

H1 2010 Trading Update to be released on Monday 19 July

Gem Diamonds Limited (LSE:  GEMD) would like to announce that they will be releasing their H1 2010 Trading Update on Monday 19^th July 2010 at 7.00am.

For further information:

Investor Relations

Richard Chetwode

Tel: [phone]

Gem Diamond Technical Services

Sherryn Tedder

Tel: [phone]

Pelham Bell Pottinger

James MacFarlane/ Charles Vivian

Tel: [phone]

About Gem Diamonds

Gem Diamonds Limited (LSE: GEMD) is a diamond mining and marketing company with a specific focus towards higher value diamonds, a segment of the market that its management believes will deliver superior long term returns. 

Under current market conditions, Gem Diamonds is pursuing a near term strategy of focusing on cash preservation and generating maximum cash flow from its producing assets, the Letšeng Mine in Lesotho and the Kimberley Diamonds' Ellendale E9 Pipe in Australia. These two operations continue to produce amongst the world's finest white and fancy yellow diamonds respectively.

 

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