Gem Diamonds Mining Company News Articles

Diamond News Agency > Mining > Diamond Mining Companies > Gem Diamonds Limited :

Gem Diamonds Closes $75M Share Placement

Thursday, Apr 2 2009 2:18AM Diamond Review,

Gem Diamonds Closes $75M Share Placement Gem Diamonds has successfully raised GBP 75 million ($107 million) in a placement of new shares on the London Stock Exchange (LSE) The diamond mining company said Wednesday the 75 million shares made available were fully subscribed by existing shareholders at 100 pence a share The placement is conditional on shareholder approval at a general meeting []t>

Gem Diamonds: Stripped Down to Letseng Diamond Mine - RBC

Thursday, Apr 2 2009 1:23AM News from the Israeli diamond industry,

Gem Diamonds Stripped Down to Letseng Diamond Mine - RBC LSE-listed Gem Diamonds swung to an annual pretax loss after taking a massive impairment charge for

Gem Diamonds Closes $107M Share Placement

Wednesday, Apr 1 2009 8:53PM Rapaport - News,

Gem Diamonds Closes $107M Share Placement RAPAPORT Gem Diamonds has successfully raised $107 million (GBP 75 million) in a placement of new shares on the London Stock Exchange (LSE) The diamond mining company reported Wednesday that 75 million shares were made available and were fully subscribed by existing shareholders at 100 pence each The placement is conditional on shareholder approval at a general meeting scheduled for April

Lets'eng Legacy D-color rough diamond,493 carats,Co-Owned by Gem Diamonds Limited and Government of Lesotho-Reference Database-Internet Stones.COM

Wednesday, Apr 1 2009 7:59PM Internet Stones.COM Feeds,

Lets'eng Legacy D-color rough diamond493 caratsCo-Owned by Gem Diamonds Limited and Government of Lesotho-Reference Database-Internet StonesCOM The Letseng Legacy diamond which is said to be the 18th largest gem-quality rough diamond to be discovered in the world was recovered from the Lets'eng le Terai Mine in Lesotho on September 7 2007

Gem Diamonds Revenues +94%, but Turns to Loss

Wednesday, Apr 1 2009 5:34AM IDEX Online - Mining And Exploration,

Gem Diamonds Revenues +94% but Turns to Loss Gem Diamonds posted a $55217 million loss in 2008 despite a near doubling in revenues Excluding exceptional item expenses of $5209 million the annual loss stands at $3127

Gem Diamonds plans to raise £75m to repay debt

Wednesday, Apr 1 2009 5:29AM Mining Weekly | Diamonds,

Gem Diamonds plans to raise £75m to repay debt LSE-listed diamond-mining company Gem Diamonds planned to raise about £75-million ($107-million) through a share placement to repay certain debt it announced on Wednesday The miner required additional funds to meet the obligations related to its acquisition of Kimberley Diamonds in 2007 on the back of the difficult trading conditions which had already forced the company to put some of its operations on care-and-maintenance

$10.4 million worth for one of the Huge Rough Diamond

Sunday, Mar 15 2009 3:09PM The Diamond Industry - Articles - Zimbio,

$104 million worth for one of the Huge Rough Diamond posted by cooluks
Sold at $104 million one of the largest rough diamonds is expected to be transformed into a polished stone of more than 100 carats The huge 493-carat rough diamond from Lesotho the 18th largest ever recovered in the world was sold to Graff Jewelers of London at a tender in Antwerp

Miner Gem Diamonds explained that the diamond recovered at Letseng le Terai mine in September was sold for an expensive price of $21000 per carat against a global average diamond price of $81 per carat The largest rough quality-gem diamond ever found was the Cullinan Diamond found in South Africa in 1905 at 310675 carats "The Letseng Legacy was named to reflect the growing legacy that the Letseng le Terai mine is creating as a producer of significant diamonds" Gem Diamonds said in a statement

Letseng Diamonds 70 percent owned by Gem Diamonds and 30 percent owned by the government of Lesotho has now produced three of the world's top ...

Gem Diamonds Limited Discovers A 603 Carat Diamond

Sunday, Mar 15 2009 2:58PM Abazias - Diamond News,

Gem Diamonds Limited Discovers A 603 Carat Diamond Gem Diamonds Limited has been aggressive in acquiring many mines throughout Africa but is the Letseng Mine in Lesotho that has produced two large carat weight diamonds The first diamond was a D colored flawless 203 carat diamond and the second diamond was a 603 carat diamond which also had a great color and great clarity

Diamonds loses its lustre after hints of slump

Tuesday, Feb 3 2009 12:28AM Diamond Topics,

Diamonds loses its lustre after hints of slump Diamonds may be a girl’s best friend but the same cannot be said for investors Fears that the industry was hiding a big slump in demand sent Gem Diamonds the biggest London-listed producer down 14 per cent yesterday

Lesotho diamond could be largest ever polished round diamond

Tuesday, Sep 23 2008 6:31AM Diamonds News,

Lesotho diamond could be largest ever polished round diamond A huge 478 carats diamond has been discovered in Lesotho’s Letseng mine jointly owned by Gem Diamonds and the Lesotho government According to specialists it is already the 20th largest rough diamond found and if cut and polished could be the largest ever polished round diamond weighing in at 150 carats The famous Koh-i-Noor diamond set in []