Gem Diamonds has been in a downward trend for a decade
Diamonds may be a girl's best friend, but they don't seem to be a good friend to investors if the share price of Lesotho mine-owner Gem Diamonds (GEMD) is any guide. The firm owns a 70% stake in the Letseng mine, which is famous for producing large, exceptional white diamonds, making it the highest dollar per carat kimberlite diamond mine in the world, yet over the last decade the shares have...