Gem Diamonds Limited

Gem Diamonds Limited

Gem Diamonds is a global diamond company that has been pursuing a long term growth strategy through targeted acquisitions and the development of existing assets. Under current market conditions, the Group is focused on the development of its cash generative assets and has curtailed all non-essential capital and development expenditure.The Group’s portfolio comprises producing kimberlite and lamproite mines, development projects and exploration assets, as well as diamond beneficiation capabilities. Operations and projects are situated in Angola, Australia, Botswana, the Central African Republic, Dubai, Lesotho, Mauritius and Indonesia.With Letšeng’s production of the world’s most remarkable white diamonds and Ellendale’s production of rare fancy yellow diamonds, Gem Diamonds is focused towards higher value diamonds. This segment of the market is expected to deliver attractive long term returns.

Gem Diamonds’ strategic intent remains to be one of the world’s leading diamond companies with a specific focus towards higher value gem quality diamonds. Principally through Letšeng and Ellendale, the Group has moved a long way to implementing that strategy in the rough diamond market.Over the medium to long term, this strategy will be pursued in the polished diamond market with the development of the Group’s cutting and polishing business to beneficiate only high end quality diamonds.Due to the market conditions at the end of 2008, the Group decided in early 2009 to delay the roll out of these cutting and polishing facilities. However, the Group may further develop these facilities in the future as and when market conditions allow.

Contact Details

Office Address

Gem Diamonds Limited
2 Eaton Gate
London, UK SW1W9BJ
Phone: +44-20-3043-0280
Fax: +44-20-3043-0281

Executives

Chairman and CEO

Clifford Elphick

COO

Alan Ashworth

Business Reviews for Gem Diamonds Limited

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