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Gem Diamonds sells Botswana unit for $4 million

Cecilia Jamasmie | August 23, 2021 | 3:53 am News Suppliers & Equipment Africa Europe Diamond 

Africa-focused Gem Diamonds (LON: GEMD) is selling its Botswana subsidiary to Okwa Diamonds, owned by Vast Resources (LON: VAST) and Botswana Diamonds (LON: BOD), for only $4 million.  Okwa Diamond’s main target is the mothballed Ghaghoo in central Botswana, which Gem acquired from De Beers in 2007. The company had hoped...

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