Gem Diamonds has applied to the Office of Financial Regulation and in the London Stock Exchange to place 400,000 ordinary shares at a price of US $ 0.01 each.
The statement said that the shares issued in accordance with the obligations of the company on a long-term incentive plan for 2007, equated to the existing issued shares of the company.
They will be admitted to the Official List and to trading on the main market of the London Stock Exchange.
It was expected that the listing will come into force on April 3, 2017 at or near that date.
Gem Diamonds holds 70% of the mine Letšeng (Letšeng) Lesotho and 100% mine Ghaghu (Ghaghoo) in Botswana.
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Swiss Gemological Institute (Swiss Gemmological Institute, SSEF) has released an updated version of the device for automatic spectral testing diamonds (Automated Spectral Diamond Inspection, ASDI) , designed specifically for the international market.
ASDI from SSEF was created to support the diamond industry and its protection against the threat of mixing synthetic diamonds in the party natural stones, chalk.
ASDI able to accurately determine discolored natural diamonds in batch, wherein the synthetic sifting stones grown by HPHT and CVD, and any natural stones, the method of ennobled HPHT. It is the only automated system that can check large amounts of colorless diamonds up to 1 mm in diameter with high speed and at low cost.
ASDI device has a unique ability to sort diamonds in size with high precision and also the ability to detect natural origin with stones. It has been tested on millions of diamonds, chalk, since the first prototype of the device in 2013. The system can sort up to 4000 stones per hour. The new modernized version of the system was also presented the automatic determination of the symmetry and proportions of the stones.
"The entire diamond industry is faced with the problem of undisclosed synthetic diamonds This problem requires industrial solutions, and that is what we managed to create." - said Jean-Per Shalen (Jean-Pierre Chalain), director of the Diamond Division SSEF.
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