Gem Diamonds’ Annual Profit Falls 61 Percent on Weak Prices
Diamond – Reuters reported that weak diamond prices brought Gem Diamonds Ltd.'s (LSE:GEMD) full-year core earnings down to $65.5 million, significantly lower than the previous year.
Articles Tagged "Gem Diamonds"
Antwerp’s Diamond District
Diamond – Globe and Mail reported on changes in the diamond industry from Antwerp's diamond district.
Weakening Rupee Contributing To Diamond Volatility
Diamond – Reuters reported an interview with Clifford Elphick, who formed Gem Diamonds in 2005, who says diamonds will remain volatile as the world economy struggles.
Gem Diamonds Prices Seen as Strengthening
Diamond – Mining Weekly reported rough diamonds are likely to remain volatile through 2012.
Challenges Facing the Australian Diamond Industry
Diamond – A report says the Australian diamond industry is set to fly this year, but investors may want to balance optimism with caution as the market appears to be doing just that.
Letšeng Sales Strong Despite Lower Rough Diamond Prices
Diamond – Mining Weekly reported Gem Diamonds (LSE:GEMD) has performed relatively well in the third quarter despite lower prices.
Gem Diamonds Finds World’s 15th Largest White Diamond
Diamond – Bloomberg reports Gem Diamonds Ltd. (LON:GEMD) found the world’s 15th largest white diamond at its Letseng Mine in Lesotho.
Gem Diamonds Posts Record Profit on Higher Prices
Diamond – Reuters Africa reports Gem Diamonds Ltd (LON:GEMD) said its first-half pretax profit surged 10 times.
Redpath Clinches R67m Contract
Diamond – Mining Weekly reports Gem Diamonds (LON:GEMD) has awarded a R67-million contract to Redpath South Africa.
Colored Diamonds: Stones with Brilliant Profit Potential
Diamond – There is a new trend in the diamond investment market... individuals capitalizing on the profits available from colored stones.
