Should you hold these 2 precious metal stocks as good as a diamond?

2 min read | October 09, 2021 12:36 AM AEDT | By Nidhi Gupta

Should you hold these 2 precious metal stocks as good as a diamond? — Image source: megapixel.com

Gem Diamonds Limited (LON:GEMD)

Gem Diamonds is an international diamond producer with mining operations in Botswana and Lesotho. In August, Gem Diamonds announced the sale of its subsidiary to Okwa Diamonds for $4 million.

The shares of Gem Diamonds Limited are currently trading at GBX 58.00, up by 3.02% at 12:23 PM GMT+1 on 8 October 2021.

Gem Diamonds Limited recorded a revenue of US$104.5 million in H1 2021 ended 30 June 2021 compared to US$69.5 million in H1 2020. Its underlying EBITDA reached US$34.7 million in H1 2021 compared to US$11.3 million in H1 2020.

The shares of Gem Diamonds Limited returned 61.44% in the last one year to shareholders, and the market cap of the company stands at £79.10 million as of 8 October 2021.

Botswana Diamonds Plc (LON:BOD)

Botswana Diamonds Plc is an AIM-listed company engaged in diamond exploration and project development. The company holds exploration licences in South Africa and Botswana. Recently, Botswana Diamonds announced a 2-year license renewal of its Ghaghoo diamond mine. The license is a part of its joint venture with Burgundy and Diamexstrat Diamond Mines.

The shares of Botswana Diamonds are currently trading at GBX 1.18, down by 16.07% at 12:35 PM GMT+1 on 8 October 2021.

Botswana Diamonds recorded a loss before taxation of £195k. It discovered a new diamond kimberlite mining site at the Thorny River, South Africa.

The shares of Botswana Diamonds returned 72.04% in the last one year to shareholders, and the market cap of the company stands at £11.10 million as of 8 October 2021

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