November 21, 2012

Proposed Acquisition of Fabergé

Gemfields plc (AIM: GEM), the leading gemstone mining and marketing company, announces its proposed acquisition (the “Proposed Acquisition”) of a 100% interest in Fabergé Limited (“Fabergé”) with a view to creating a globally recognised coloured gemstone champion. Fabergé will provide Gemfields with direct control over a high-end luxury goods platform and a global brand with an exceptional heritage.

Market Update – Quarter to 30 September 2012

Gemfields plc (AIM: GEM) presents an operational update for the three month period ending 30 September 2012. All figures are approximate, unaudited and, unless otherwise stated, the phrase “carats” includes both emerald and beryl.