Type Public (LSE: GEMD) Revenue £395.6 million (2011) Net income £102.8 million (2011) Founded 2005 | Industry Diamond Mining Operating income Headquarters London, United Kingdom | |
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Key people Roger Davis, Chairman
Clifford Elphick, CEO Stock price GEMD (LON) 113.50 GBX -2.75 (-2.37%)10 Mar, 4:35 PM GMT - Disclaimer Subsidiaries Calibrated Diamonds Investment Holdings | ||
Gem diamonds corporate film january 2017
Gem Diamonds is a British-based global diamond mining business. It is headquartered in London and is listed on the London Stock Exchange.
Contents
An interview with clifford elphick ceo of gem diamonds limited
History
The business was founded by Clifford Elphick in July 2005. In 2006 the company announced that it had found a diamond of 603 carats (120.6 g) at the Letseng diamond mine. The Company was first listed on the London Stock Exchange in 2007.
In 2007 the company began diamond prospecting on traditional Bushmen lands in Botswana. Survival International alleged that the company had not carried out sufficient consultation with the Bushmen, many of whom have been forced from their homes.
Construction of the first phase of a mine, Ghaghoo, located 45 km within the Eastern border of the Central Kalahari Game Reserve began in 2011. It is an incredibly controversial matter as the government of Botswana has allowed for mining exploration and construction within a game reserve originally intended for the Bushmen and the wildlife they subsist on. While one cannot directly prove the governments intentions, ironically a year before this exploration began the government started the forced removal of the Bushmen from their lands.
Operations
The Company has mines in the following locations: