Full Year Results 

No dividend from Gem Diamonds

No dividend from Gem Diamonds

Last year, Gem Diamonds (GEMD) recovered more carats at its Letšeng mine, and achieved a 10 per cent premium to the average per-carat price it received at auction in 2017. It discovered and then sold the 910-carat Lesotho Legend for $40m (£30.5m), and dug up a further 14 diamonds of at least 100 carats. The group remains on course to make $100m in cost savings and efficiencies by 2021, and a pilot plant to detect diamonds within Letšeng’s kimberlite is a few months from completion.

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