Gem Diamonds Limited

Type: Company
Name: Gem Diamonds Limited
First reported 16 hours ago - Updated 16 hours ago - 1 reports

Gem Diamonds Ltd Rating Reiterated by Citigroup (GEMD)

Citigroup reaffirmed their buy rating on shares of Gem Diamonds Ltd (LON: GEMD) in a research note issued to investors on Thursday, AnalystRatingsNetwork reports. The firm currently has a GBX 172 ($2.70) price target on the stock.A number of other firms ... [Published Mideast Time - 16 hours ago]
First reported Jun 12 2013 - Updated Jun 12 2013 - 1 reports

Gem Diamonds Ltd Rating Increased to Buy at Panmure Gordon (GEMD)

Panmure Gordon upgraded shares of Gem Diamonds Ltd (LON: GEMD) to a buy rating in a research report sent to investors on Monday morning, StockRatingsNetwork.com reports. The firm currently has GBX 192 ($2.93) price target on the stock, up from their previous ... [Published The Utah People's Post - Jun 12 2013]
First reported Jun 11 2013 - Updated Jun 12 2013 - 1 reports

KDC: ELLENDALE'S DIAMOND GRADERS HIGHER THAN EXPECTED

Kimberley Diamond Company NL (KDC) has recovered bulk samples from its wholly owned Ellendale mine in Western Australia that have averaged 3.6 carats per hundred tonnes (cpht), which is greater than the previous grade of 2.55 cpht, according to Proactive ... [Published Diamond Intelligence Briefs - Jun 11 2013]
First reported Jun 12 2013 - Updated Jun 12 2013 - 1 reports

Gem Diamonds sells stone for $9m

British miner Gem Diamonds Ltd. (LON: GEMD) sold a rough diamond from its Letseng mine in South Africa for $9 million.The 164 carat precious stone is considered to be of exceptional quality with D colour and Type IIa purity. It is expected to produce ... [Published Mining.com - Jun 12 2013]
First reported Jun 11 2013 - Updated Jun 11 2013 - 1 reports

Questor share tip: Petra Diamonds rises as City analysts turn bullish

Petra Diamonds is boosted by City support. Questor keeps a buy. Petra Diamonds 119.1p+2Questor says BUYThe fundamentals of the diamond sector have long been attractive but the recent downturn has sent the sector back to the doldrums. However, with a recovery ... [Published Telegraph - Jun 11 2013]
First reported Jun 07 2013 - Updated Jun 07 2013 - 2 reports

Gem Diamonds Ltd Receives “Buy” Rating from Liberum Capital (GEMD)

Gem Diamonds Ltd (LON: GEMD)Shares of Gem Diamonds Ltd (LON: GEMD) traded up 0.79% during mid-day trading on Friday, hitting GBX 127.00. Gem Diamonds Ltd has a 52 week low of GBX 125.00 and a 52 week high of GBX 230.00. The stock?s 50-day moving average ... [Published American Banking News - Jun 07 2013]
First reported Jun 07 2013 - Updated Jun 07 2013 - 4 reports

Broker News & Views

Goldman Sachs lifts Gem Diamonds to buy from neutral, target raised from 170p to 180p. Investec cuts Shire to add from buy, target cut from 385p to 359p.Goldman Sachs lifts Petra Diamonds to buy from neutral, target raised from 125p to 180p.Goldman Sachs ... [Published MoneyAM - Jun 07 2013]
First reported Jun 03 2013 - Updated Jun 03 2013 - 2 reports

Gem Diamonds Reports 164ct Leteng Diamond Sold for US$ 9.0 Million

Gem Diamonds Limited (LSE: GEMD) is pleased to announce the sale of an exceptional quality 164 carat D colour, Type IIa diamond which was recovered from the Main pipe at the Let?eng mine on 30 April 2013.This remarkable rough diamond is expected to produce ... [Published Mbendi - Jun 03 2013]
First reported Jun 02 2013 - Updated Jun 02 2013 - 2 reports

GEM DIAMONDS SELLS 164-CARAT LETSENG DIAMOND FOR $9M

Gem Diamonds Limited has sold a 164-carat D color, Type IIa rough diamond, which was recovered from the Main pipe at its 70 percent-owned Letšeng mine in Lesotho on April 30, for US$9 million, or US$54,911 per carat.The rough diamond, which has been sold ... [Published Diamond Intelligence Briefs - Jun 02 2013]
First reported May 31 2013 - Updated Jun 01 2013 - 2 reports

Market Report: Halfords is revving up after UBS boost

Investors piled into Halfords yesterday following an upgrade from analysts at UBS, which sent shares in the car repair-to-bikes retailer racing up 19p to 329p. The company has had a mixed time of late and last week admitted profits will fall over the ... [Published The Independent - Jun 01 2013]
First reported May 31 2013 - Updated May 31 2013 - 2 reports

British diamond firm unearths £6 MILLION diamond in Lesotho

Gem Diamonds' stunning stone weighs 164 carats and worth £6m roughLarge rare gem found in Leteng Mine in Lesotho, South AfricaIs currently being computer analysed in Antwerp to discover full valueUK firm found £11m 550 carat sparkler in 2011 - world's ... [Published Mail Online UK - May 31 2013]
First reported May 31 2013 - Updated May 31 2013 - 3 reports

164 ct Letseng diamond sells for $9 mn

London-listed Gem Diamonds has sold a 164 carat Lesotho diamond for $9 million through a profit sharing arrangement, which would see the miner generate additional revenue post cut and polish, miningweekly.com reported.The quality 164 ct D-colour, Type ... [Published Polished Prices - May 31 2013]

Quotes

Analysts at Panmure Gordon upgraded their ratings on Petra and Gem to buy from hold, saying: "We believe a US economic recovery underpins a convincing case for investing in diamonds this year."
...In a note to investors on Friday, they said, "The fundamental case for diamonds is still strong: new demand from growth markets such as China meets constrained supply, as older mines run down and new discoveries are few and far between."
However, Barclays analysts saw "the risk of a modest rebound in prices over the next month or so, especially since we believe that market concerns about Fed tapering [off stimulus] are premature"
Gem Diamonds CEO, Clifford Elphick stated: "The recovery and sale of this high quality 164 carat white diamond reinforces Let?eng?s position as the premier source of exceptional diamonds."

More Content

All (90) | News (88) | Reports (0) | Blogs (1) | Audio/Video (0) | Fact Sheets (1) | Press Releases (0)
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Gem Diamonds Ltd Rating Reiterated by Citigroup... [Published Mideast Time - 16 hours ago]
Market Movers - Top risers and fallers at 12:00 [Published MoneyAM - Jun 14 2013]
Market Movers - Top risers and fallers at 14:00 [Published MoneyAM - Jun 13 2013]
Market Movers - Top risers and fallers at 13:00 [Published MoneyAM - Jun 13 2013]
Market Movers - Top risers and fallers at 10:00 [Published MoneyAM - Jun 13 2013]
Market Movers - Top risers and fallers at 09:00 [Published MoneyAM - Jun 13 2013]
Gem Diamonds Ltd Rating Increased to Buy at Pan... [Published The Utah People's Post - Jun 12 2013]
Gem Diamonds sells stone for $9m [Published Mining.com - Jun 12 2013]
Gem Diamonds Ltd Given “Buy” Rating at Liberum ... [Published The Utah People's Post - Jun 11 2013]
Results of the Annual General Meeting [Published TrustNet - Jun 11 2013]
KDC: ELLENDALE'S DIAMOND GRADERS HIGHER THAN EX... [Published Diamond Intelligence Briefs - Jun 11 2013]
Market Movers - Top risers and fallers at 09:00 [Published MoneyAM - Jun 11 2013]
Botswana Mining Report Q3 2013: New research re... [Published Live-PR.com - Jun 11 2013]
Questor share tip: Petra Diamonds rises as City... [Published Telegraph - Jun 11 2013]
DJ Rio Tinto's Diamond in the Rough [Published Individual.com - Jun 10 2013]
Stock Analysts’ Upgrades for June, 10th (BBT, B... [Published American Banking News - Jun 10 2013]
Research Analysts’ Ratings Reiterations for Jun... [Published American Banking News - Jun 10 2013]
Brokers' round-up, upgrades for Betfair and [Published Telegraph - Jun 10 2013]
FLASH: Westhouse Securities initiates add on Ge... [Published Stock Market Wire - Jun 10 2013]
Gem Diamonds Ltd Rating Reiterated by Westhouse... [Published American Banking News - Jun 10 2013]
Gem Diamonds Ltd Stock Rating Upgraded by Panmu... [Published American Banking News - Jun 10 2013]
Miners must watch out as China turns to shopping [Published Telegraph - Jun 10 2013]
Week ahead in business and economics: June 10-14 [Published Yahoo! UK and Ireland - Jun 09 2013]
Gem Diamonds Ltd Receives “Buy” Rating from Lib... [Published American Banking News - Jun 07 2013]
Goldman Sachs Upgrades Gem Diamonds Ltd to “Buy... [Published American Banking News - Stock Ratings - Jun 07 2013]
Analysts’ Upgrades for June, 7th (ANF, BAYRY, B... [Published American Banking News - Jun 07 2013]
Broker News & Views [Published MoneyAM - Jun 07 2013]
Brokers' round-up, buy Petra Diamonds and Gem [Published Telegraph - Jun 07 2013]
Diamond miners to sparkle as prices rise, says ... [Published Proactive Investors.co.uk - Jun 07 2013]
Goldman Sachs lifts Gem Diamonds to buy from ne... [Published Stock Market Wire - Jun 07 2013]
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Today's Market View Including Goldplat, West Af... [Published Proactiveinvestors United Kingdom website - Apr 24 2013]
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