Gem Diamonds Ltd (LSE:GEMD)
£ 0.106 0 (0%) Market Cap: 14.81 Mil Enterprise Value: 90.52 Mil PE Ratio: 20.45 PB Ratio: 0.13 GF Score: 44/100
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Full Year 2020 Gem Diamonds Ltd Earnings Call Transcript

Mar 11, 2021 / 09:30AM GMT
Release Date Price: £0.624 (+5.76%)
Operator

Good morning, ladies and gentlemen, and welcome to the Gem Diamonds Annual Results presentation. (Operator Instructions) Please note that this is being recorded. I would now like to turn the conference over to Clifford Elphick. Please go ahead, sir.

Clifford Thomas Elphick
Gem Diamonds Limited - Founder, CEO & Executive Director

Thanks very much, and good morning, everybody, and welcome to our full year results presentation for the year ended 2020. If you turn to pass the disclaimer to the next page, which is a year in review, you'll see our revenue of $190 million reflects a year in which we effectively had 6 weeks of lockdown and shutdown at the mine. But apart from that, the results in review, as you'll see, we are very pleased with. In particular, I'd like to point your attention to the bottom left-hand U.S. dollar per carat achieved of $1,908 per carat. We think that's a good result in a year when a massive crisis emerged. And many of the diamond companies were unable to sell. We adapted our processes and the outcome, we think, was a good one.

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