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Gem Diamonds
(LSE:GEMD)
Gem Diamonds (GEMD) vs. iShares MSCI United Kingdom ETF (EWC)
Gem Diamonds Business Overview & Revenue Model
Gem Diamonds Financial Statement Overview
| Breakdown | |||||
| TTM | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 |
|---|---|---|---|---|---|
| Income Statement | Total Revenue | ||||
| 146.56M | 140.29M | 188.94M | 201.86M | 189.65M | 182.05M | Gross Profit |
| 22.66M | 31.18M | 44.50M | 58.35M | 56.00M | 35.66M | EBIT |
| 17.62M | 10.38M | 31.97M | 44.24M | 46.57M | 24.59M | EBITDA |
| 21.20M | 57.51M | 38.56M | 51.17M | 53.60M | 37.14M | Net Income Common Stockholders |
| 922.00K | -2.13M | 10.18M | 14.77M | 13.64M | 7.07M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | ||||
| 50.71M | 16.50M | 8.74M | 30.93M | 49.82M | 11.28M | Total Assets |
| 399.19M | 384.71M | 366.24M | 384.62M | 414.20M | 416.12M | Total Debt |
| 34.17M | 44.52M | 13.84M | 15.87M | 22.82M | 32.82M | Net Debt |
| 18.27M | 28.01M | 7.83M | -11.81M | -12.63M | 21.96M | Total Liabilities |
| 170.91M | 166.59M | 133.19M | 137.97M | 166.71M | 171.96M | Stockholders Equity |
| 156.18M | 138.87M | 152.62M | 159.81M | 163.07M | 158.73M |
| Cash Flow | Free Cash Flow | ||||
| -2.73M | -22.13M | 3.16M | 2.60M | 47.49M | -27.36M | Operating Cash Flow |
| 43.71M | 35.02M | 63.03M | 71.31M | 96.23M | 55.49M | Investing Cash Flow |
| -46.35M | -57.15M | -59.67M | -68.69M | -48.72M | -80.77M | Financing Cash Flow |
| 23.98M | 28.02M | -24.91M | -19.02M | -12.99M | -14.08M |
Gem Diamonds Technical Analysis
Gem Diamonds Peers Comparison
Gem Diamonds Corporate Events
Gem Diamonds announced that all resolutions were passed at its Annual General Meeting held on 4 June 2025. The resolutions included receiving the 2024 Annual Report, approving the Directors’ Remuneration report, and re-electing several board members, among other decisions. The successful passing of these resolutions reflects strong shareholder support and positions the company for continued stability and governance in the diamond industry.
Gem Diamonds Limited has announced its total voting rights as of May 31, 2025, confirming 141,416,648 Ordinary Shares in issue, with 1,520,170 held in treasury, resulting in 139,896,478 voting rights. This information is crucial for shareholders to determine their notification requirements under the FCA’s Disclosure Guidance and Transparency Rules.
In its Q1 2025 trading update, Gem Diamonds reported operational and sales performance metrics within the issued guidance for the year. The company achieved a notable price of US$26,441 per carat for a 67.50 carat white diamond, with two diamonds sold for over US$1 million each, generating US$3.5 million in revenue. Production during the period primarily came from the lower-grade Main Pipe, aligning with the 2025 mine plan. The ‘Large’ diamond tender was postponed due to US tariff uncertainties, with sales expected in Q2 2025. Post-period, two significant Type I diamonds were recovered, anticipated to impact future sales positively.
Gem Diamonds Limited announced that it will release its Q1 2025 Trading Update on April 30, 2025, covering the period from January 1 to March 31, 2025. This update is anticipated to provide insights into the company’s operational performance and market positioning, potentially impacting stakeholders’ perspectives on its financial health and strategic direction.
Gem Diamonds Limited has announced the distribution of its 2024 Annual Report and the Notice of the 2025 Annual General Meeting to shareholders. The meeting is scheduled for 4 June 2025 in London, and the documents are available on the company’s website and the FCA National Storage Mechanism, ensuring transparency and compliance with UK Listing Rules.
Gem Diamonds Limited has announced the granting of options over ordinary shares to its Directors and PDMRs, Clifford Elphick and Michael Michael, under the company’s Employee Share Option Plan 2017. This move is part of the Gem Diamonds Incentive Plan, aligning with the company’s 2024 remuneration policy, and aims to integrate annual bonus awards with the Employee Share Option Plan, potentially impacting the company’s operational incentives and stakeholder interests.
Gem Diamonds has applied for a block listing of 1,325,000 ordinary shares on the London Stock Exchange to fulfill obligations under its Employee Share Plan 2017. This move is expected to enhance the company’s stock liquidity and align with its strategic goals, potentially impacting its market position positively.
Gem Diamonds reported a strong financial performance for 2024, with a 10% increase in revenue to US$154.2 million and a 95% rise in underlying EBITDA, despite challenges in the diamond market due to global economic uncertainties. The company achieved significant operational improvements at the Letšeng mine, including enhanced plant stability and a 27% reduction in carbon emissions, while also focusing on a new long-term mine plan to optimize operations and reduce waste volumes.