Announcement • Mar 04
Gem Diamonds Limited to Report Fiscal Year 2025 Results on Mar 18, 2026 Gem Diamonds Limited announced that they will report fiscal year 2025 results on Mar 18, 2026 Board Change • Dec 30
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 3 experienced directors. 3 highly experienced directors. CFO & Independent Non-Executive Director Janet Blas Boyce was the last director to join the board, commencing their role in 2025. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Aug 28
Gem Diamonds Limited to Report First Half, 2025 Results on Sep 04, 2025 Gem Diamonds Limited announced that they will report first half, 2025 results on Sep 04, 2025 Announcement • Jul 25
Gem Diamonds Limited Revises Production Guidance for Fiscal Year 2025 Gem Diamonds Limited revised production guidance for fiscal year 2025. For the year, the company expects Waste tonnes mined of 1.8- 2.0 Mt against 5.0 - 5.5 Mt as previously announced. Ore treated of 4.9- 5.1 Mt against 4.9- 5.1 Mt previously announced. Satellite pipe ore treated of 1.2- 1.4 Mt against 0.8- 1.0 Mt as announced previously. Announcement • Mar 01
Gem Diamonds Limited, Annual General Meeting, Jun 04, 2025 Gem Diamonds Limited, Annual General Meeting, Jun 04, 2025. Announcement • Feb 28
Gem Diamonds Limited Announces Directorate Changes The Board of Gem Diamonds is pleased to announced the appointment of Janet Blas as an independent Non-Executive Director. Current Senior Independent Non-Executive Director, Michael Lynch-Bell will be retiring from the Board following his 9-year tenure and in line with UK Corporate Governance principles. Janet will join the Board with effect from 1 April 2025, following Michael's retirement on 31 March 2025. Janet will be proposed for election as a Non-Executive Director at the Company's Annual General Meeting on 4 June 2025. Janet will be appointed as Audit Committee Chair and a member of the Remuneration Committee. The Board also announced that it has appointed Rosalind Kainyah, Non-Executive Director as the Senior Independent Director and Chair of the Remuneration Committee with effect from 1 April 2025. Janet is an accomplished professional with extensive experience in the gemstone and mining industries. She holds a Certified Public Accountant qualification, complemented by a BSc in Accountancy. Janet began her career with PwC, building a solid technical foundation in financial management and audit practices. She has established herself as an effective Audit & Risk Committee Chair, demonstrating a deep understanding of governance practices in both listed and privately held mining companies. Currently, Janet holds Non-Executive board roles with Sedibelo Resources and Cornish Lithium, alongside her executive position as Chief Financial Officer and Director of Bacanora Lithium. All these companies are privately held. Her previous tenure as Chief Financial Officer at Gemfields Group has provided her with a comprehensive understanding of the complexities and strategic demands of the precious minerals sector. Janet also held a number of senior positions with ENRC Plc (August 2007 to July 2013), including a key role in ENRC's initial public offering on the Main Market of the London Stock Exchange when the company joined the FTSE 100 index. Previously, Janet was part of the Audit and Assurance Services Team at Ernst & Young LLP in London and PWC in the Philippines (2002 to 2007). Janet is recognized for her strong board governance experience, consistently implementing effective financial oversight structures. Her career has predominantly focused on the mining industry, where she has developed in-depth sector expertise across various commodities and established a proven track record leading teams across multiple jurisdictions. Additionally, she has been actively involved in integrating ESG principles into operations, emphasizing ethical mining practices, transparency, and community engagement. Announcement • Feb 20
Gem Diamonds Limited to Report Fiscal Year 2024 Results on Mar 13, 2025 Gem Diamonds Limited announced that they will report fiscal year 2024 results on Mar 13, 2025 Announcement • Sep 23
Gem Diamonds Limited Announces the Recovery of an Exceptional 212.91ct Type II White Diamond Recovered At the Letšeng Mine in Lesotho Gem Diamonds Limited announced the recovery of an exceptional 212.91ct Type II White Diamond recovered at the Letšeng mine in Lesotho on 19 September 2024. This is the thirteenth greater than 100 carat diamond recovered in 2024. Announcement • Sep 11
Gem Diamonds Limited Announces Recovery of A 126.21 Carat Type II White Diamond Gem Diamonds Limited announced the recovery of a remarkable 126.21ct Type II White Diamond recovered at the Letšeng mine in Lesotho on 6 September 2024. This is the twelfth greater than 100 carat diamond recovered in 2024. Announcement • Sep 05
Gem Diamonds Limited Announces Recovery of a 122.20 Carat Type II White Diamond Gem Diamonds Limited announced the recovery of a 122.20ct Type II White Diamond recovered at the Letšeng mine in Lesotho on 01 September 2024. This is the eleventh greater than 100 carat diamond recovered in 2024. Announcement • Aug 20
Gem Diamonds Limited to Report First Half, 2024 Results on Aug 29, 2024 Gem Diamonds Limited announced that they will report first half, 2024 results on Aug 29, 2024 Announcement • Jul 02
Gem Diamonds Limited Announces Recovery of A 123.20 Carat Type II White Diamond Gem Diamonds Limited announced the recovery of a remarkable 123.20ct Type II White Diamond recovered at the Letšeng mine in Lesotho on 29 June 2024. This is the eighth greater than 100 carat diamond recovered in 2024. New Risk • May 01
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 28% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (11% average weekly change). Earnings are forecast to decline by an average of 28% per year for the foreseeable future. Minor Risk Market cap is less than US$100m (€14.7m market cap, or US$15.7m). Announcement • Apr 30
Gem Diamonds Limited Announces Recovery of A 118.74 Carat Type II White Diamond Gem Diamonds Limited announced the recovery of a 118.74ct Type II White diamond recovered at the Letseng mine in Lesotho on 28 April 2024. This is the fifth greater than 100carat diamond recovered to date on 2024. Announcement • Apr 28
Gem Diamonds Limited, Annual General Meeting, Jun 05, 2024 Gem Diamonds Limited, Annual General Meeting, Jun 05, 2024, at 09:00 Coordinated Universal Time. Location: Linklaters LLP, One Silk Street, London United Kingdom Agenda: To consider the Audited Accounts of the Company for the year ended 31 December 2023, together with the Directors’ Report and the Auditors’ Report thereon; to consider the Directors’ Remuneration Policy as included on pages 97 to 102 of the Annual Report for the year ended 31 December 2023; to consider the Directors’ Remuneration Report, including the Annual Report on Remuneration and the Remuneration Committee Chairperson’s statement (but excluding the Directors’ Remuneration Policy), as included in the Annual Report on pages 94 to 96 and pages 103 to 113 for the year ended 31 December 2023; and to consider other matters. Announcement • Apr 24
Gem Diamonds Limited Announces Recovery of A 169.15 Carat Type II White Diamond Gem Diamonds Limited announce the recovery of a 169.15ct Type II White diamond recovered at the Letšeng mine in Lesotho on 18 April 2024. This is the fourth greater than 100carat diamond recovered to date this year. Reported Earnings • Mar 15
Full year 2023 earnings released: US$0.015 loss per share (vs US$0.073 profit in FY 2022) Full year 2023 results: US$0.015 loss per share (down from US$0.073 profit in FY 2022). Revenue: US$140.3m (down 26% from FY 2022). Net loss: US$2.13m (down 121% from profit in FY 2022). Revenue is forecast to grow 4.1% p.a. on average during the next 2 years, compared to a 1.0% growth forecast for the Metals and Mining industry in Europe. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 14 percentage points per year, which is a significant difference in performance. Announcement • Feb 22
Gem Diamonds Limited to Report Fiscal Year 2023 Results on Mar 14, 2024 Gem Diamonds Limited announced that they will report fiscal year 2023 results on Mar 14, 2024 Announcement • Feb 20
Gem Diamonds Limited Announce the Recovery of A High Quality 113 Carat White Type Ii Diamond Gem Diamonds Limited announce the recovery of a high quality 113 carat white Type II diamond, recovered at the Letšeng mine in Lesotho on 17 February 2024. Together with the 295 carat high quality Type II white diamond recovered on 8 January 2024 and a 139 carat low quality Boart diamond recovered on 17 January 2024, the 113 carat is the third greater than 100 carat diamond recovered to date this year. Announcement • Jan 11
Gem Diamonds Limited Announces Recovery of A High Quality 295 Carat White Diamond From the Letšeng Mine Gem Diamonds Limited announced the recovery of a high quality 295 carat Type II white diamond from the Letšeng mine in Lesotho. Reported Earnings • Sep 03
First half 2023 earnings released: US$0.007 loss per share (vs US$0.026 profit in 1H 2022) First half 2023 results: US$0.007 loss per share (down from US$0.026 profit in 1H 2022). Revenue: US$71.8m (down 28% from 1H 2022). Net loss: US$991.0k (down 126% from profit in 1H 2022). Revenue is forecast to grow 1.0% p.a. on average during the next 3 years, while revenues in the Metals and Mining industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has fallen by 16% per year whereas the company’s share price has fallen by 19% per year. New Risk • Aug 17
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of German stocks, typically moving 9.6% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (9.6% average weekly change). Earnings are forecast to decline by an average of 14% per year for the foreseeable future. Minor Risk Market cap is less than US$100m (€26.0m market cap, or US$28.4m). Reported Earnings • Mar 17
Full year 2022 earnings released: EPS: US$0.073 (vs US$0.13 in FY 2021) Full year 2022 results: EPS: US$0.073 (down from US$0.13 in FY 2021). Revenue: US$188.9m (down 6.4% from FY 2021). Net income: US$10.2m (down 45% from FY 2021). Profit margin: 5.4% (down from 9.2% in FY 2021). The decrease in margin was driven by lower revenue. Revenue is forecast to stay flat during the next 3 years, in line with the revenue forecast for the Metals and Mining industry in Europe. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Buying Opportunity • Jan 25
Now 26% undervalued Over the last 90 days, the stock is up 7.6%. The fair value is estimated to be €0.48, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.4% over the last 3 years. Earnings per share has grown by 33%. Revenue is forecast to decline by 3.7% in 2 years. Earnings is forecast to grow by 5.6% in the next 2 years. Board Change • Nov 16
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 4 experienced directors. 2 highly experienced directors. Independent Non-Executive Director Rosalind Nana Kainyah was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Nov 03
Gem Diamonds Limited Provides Production Guidance for the Full Year 2022 Gem Diamonds Limited announced as previously reported in the first half of 2022 Trading Update, the 2022 production metrics were guided to the lower end of the original guidance as published in March 2022. The impact of the loss of production in October has resulted in a revision of the full year guidance for tonnes treated to approximately 5.45 million tonnes (previously between 5.60 and 5.80 million tonnes). As a result of the reduction in tonnes treated, guidance with respect to carats recovered and carats sold has been reduced to approximately 104,000 (previously 112,000 to 116,000) and approximately 105,000 (previously 110,000 to 114,000) respectively. Cost guidance remains unchanged. Reported Earnings • Sep 02
First half 2022 earnings released: EPS: US$0.034 (vs US$0.076 in 1H 2021) First half 2022 results: EPS: US$0.034 (down from US$0.076 in 1H 2021). Revenue: US$100.0m (down 4.4% from 1H 2021). Net income: US$4.83m (down 55% from 1H 2021). Profit margin: 4.8% (down from 10% in 1H 2021). The decrease in margin was primarily driven by lower revenue. Over the next year, revenue is forecast to grow 7.0%, compared to a 4.7% growth forecast for the Metals and Mining industry in Germany. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has fallen by 21% per year, which means it is significantly lagging earnings. Announcement • Aug 18
Gem Diamonds Limited to Report First Half, 2022 Results on Sep 01, 2022 Gem Diamonds Limited announced that they will report first half, 2022 results on Sep 01, 2022 Announcement • Aug 17
Gem Diamonds Limited Provides Production Guidance for the Year 2022 Gem Diamonds Limited provided production guidance for the year 2022. For the year, the company expects waste tonnes mined 10 -12 Mt. Ore treated of 5.6 - 5.8 Mt. Satellite pipe ore contribution of 2.8 - 3.0 Mt. Board Change • Aug 02
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 4 experienced directors. 2 highly experienced directors. Independent Non-Executive Director Rosalind Nana Kainyah was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Jun 13
Gem Diamonds Limited Announces Recovery of 245 Carat Diamond Gem Diamonds Limited announced the recovery of an exceptional quality 245 carat white Type II diamond from the Letšeng mine in Lesotho on 11 June 2022. Following the recovery of a 129 carat diamond on 23 May, and a 125 carat diamond on 31 May, the 245 carat diamond represents the third diamond of over 100 carats recovered from the Letšeng mine within the past three weeks. Announcement • Jun 09
Gem Diamonds Limited Approves Final Dividend Gem Diamonds Limited at its annual general meeting held on 8 June 2022, approved a final dividend of 2.7 US cents per ordinary share. Upcoming Dividend • May 12
Upcoming dividend of US$0.027 per share Eligible shareholders must have bought the stock before 19 May 2022. Payment date: 21 June 2022. Payout ratio is a comfortable 20% but the company is paying out more than the cash it is generating. Trailing yield: 3.6%. Lower than top quartile of German dividend payers (4.2%). Lower than average of industry peers (8.1%). Announcement • May 02
Gem Diamonds Limited, Annual General Meeting, Jun 08, 2022 Gem Diamonds Limited, Annual General Meeting, Jun 08, 2022, at 09:00 Coordinated Universal Time. Location: One Silk Street London: United Kingdom Agenda: To consider audited accounts of the company for the year ended 31 december 2021, together with the directors' Report and the auditors' report thereon, be received; to consider directors' remuneration report; to consider reappointment of the auditor; to consider remuneration of the auditor; to consider final dividend of 2.7 US cents per ordinary share in respect of the financial year ended 31 december 2021 be approved and declared; and to consider re-election of directors. Announcement • Apr 23
Gem Diamonds Limited (LSE:GEMD) commences an Equity Buyback Plan for 14,016,955 shares, representing 10% of its issued share capital, under the authorization approved on June 2, 2021. Gem Diamonds Limited (LSE:GEMD) commences share repurchases on April 21, 2022, under the program mandated by the shareholders in the Annual General Meeting held on June 2, 2021. As per the mandate, the company is authorized to repurchase up to 14,016,955 shares, representing 10% of its issued share capital. The maximum price which may be paid for an ordinary share is an amount equal to 105% of the average of average of the closing price of the Company's ordinary share as derived from the London Stock Exchange Daily Official List during the five business days immediately prior to the date of purchase and an amount equal to the higher of the price of the last independent trade and the highest current independent bid on the relevant trading platform. The purpose of the program is to reduce the share capital of the company. The repurchased shares will be held in treasury. The program will be valid till the next Annual General Meeting to be held on June 8, 2022.
On April 12, 2022, the company announces a repurchase program. Under the program, the company will repurchase up to $2 million worth of its shares. The repurchases will be made through an agreement entered with the company’s broker. Announcement • Feb 24
Gem Diamonds Limited to Report Fiscal Year 2021 Results on Mar 17, 2022 Gem Diamonds Limited announced that they will report fiscal year 2021 results on Mar 17, 2022 Reported Earnings • Sep 04
First half 2021 earnings released: EPS US$0.076 (vs US$0.001 in 1H 2020) The company reported a strong first half result with improved earnings, revenues and profit margins. First half 2021 results: Revenue: US$104.5m (up 50% from 1H 2020). Net income: US$10.6m (up US$10.4m from 1H 2020). Profit margin: 10% (up from 0.3% in 1H 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has only fallen by 15% per year, which means it has not declined as severely as earnings. Announcement • Jun 03
Gem Diamonds Limited Approves Final Dividend for the Year 2020 Gem Diamonds Limited announced that at its AGM held on June 2, 2021, shareholders approved the final dividend of 2.5 US cents per ordinary share for the year 2020. Announcement • May 12
Gem Diamonds Limited Announces Recovery of A High Quality 370 Carat White Diamond Gem Diamonds Limited announced the recovery of a high quality 370 carat Type II, white diamond, from the Letšeng mine in Lesotho, the highest dollar per carat kimberlite diamond mine in the world. Upcoming Dividend • May 06
Upcoming dividend of US$0.025 per share Eligible shareholders must have bought the stock before 13 May 2021. Payment date: 15 June 2021. Trailing yield: 2.7%. Lower than top quartile of German dividend payers (3.1%). Lower than average of industry peers (4.4%). Executive Departure • May 06
Non-Executive Director has left the company On the 1st of May, Jonathan Velloza's tenure as Non-Executive Director ended after 2.8 years in the role. As of December 2020, Jonathan personally held only 45.45k shares (€20k worth at the time). Jonathan is the only executive to leave the company over the last 12 months. Reported Earnings • Mar 13
Full year 2020 earnings released The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: US$189.6m (up 4.2% from FY 2019). Net income: US$16.9m (up 139% from FY 2019). Profit margin: 8.9% (up from 3.9% in FY 2019). The increase in margin was primarily driven by higher revenue. Production and reserves: Diamond Production: 14 kg (16 kg in FY 2019) Number of mines: 1 (1 in FY 2019) Analyst Estimate Surprise Post Earnings • Mar 13
Revenue beats expectations Revenue exceeded analyst estimates by 0.5%. Over the next year, revenue is forecast to grow 16%, compared to a 21% growth forecast for the Metals and Mining industry in Germany. Announcement • Mar 12
Gem Diamonds Limited Proposes Ordinary Cash Dividend for the Year 2020, Payable on June 15, 2021 Gem Diamonds Limited proposed ordinary cash dividend of USD 3.5 million for 2020 based on 2.5 US cents per share (2019: USD nil). Proposed dividends on ordinary shares are subject to approval at the AGM to be held on 2 June 2021 and are not recognized as a liability as at 31 December 2021. These dividends will be paid on 15 June 2021 to shareholders who are on the register of members on the record date of 14 May 2021 (ex-div date 13 May 2021). Announcement • Mar 11
Gem Diamonds Limited, Annual General Meeting, Jun 02, 2021 Gem Diamonds Limited, Annual General Meeting, Jun 02, 2021. Agenda: To consider the payment of an ordinary cash dividend of 2.5 US cents in respect of the 2020 financial year. Is New 90 Day High Low • Mar 11
New 90-day high: €0.69 The company is up 49% from its price of €0.47 on 10 December 2020. The German market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 48% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €3.09 per share. Announcement • Feb 18
Gem Diamonds Limited to Report Fiscal Year 2020 Results on Mar 11, 2021 Gem Diamonds Limited announced that they will report fiscal year 2020 results on Mar 11, 2021 Is New 90 Day High Low • Jan 30
New 90-day high: €0.56 The company is up 48% from its price of €0.38 on 30 October 2020. The German market is up 20% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Metals and Mining industry, which is up 67% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €4.83 per share. Announcement • Sep 04
Gem Diamonds Limited Provides Production of Rough Diamonds Guidance for the Year 2020 Gem Diamonds Limited provided production of rough diamonds guidance for the year 2020. The lower than expected production of rough diamonds in 2020 may provide an opportunity for miners, such as De Beers and Alrosa, to release some of their stockpile inventory into the market, and a marked reduction in rough diamond supply, especially in the commercial diamond industry, is therefore unlikely in the short term. Total global rough diamond supply is estimated to decrease to approximately 110 million carats in 2020 compared to 141 million carats in 2019. This is largely due to a combination of planned mine closures, COVID-19 driven marginal mine closures, suspension and slowdown of certain operations and the cancellation of scheduled sales by De Beers and Alrosa. A number of mines have also been placed on prolonged care and maintenance until there is more certainty with regards to the impact of COVID-19 on continued operations and the diamond market. Announcement • Aug 14
Gem Diamonds Limited to Report First Half, 2020 Results on Sep 03, 2020 Gem Diamonds Limited announced that they will report first half, 2020 results on Sep 03, 2020 
