December 7, 2012

Posting of Circular and Notice of General Meeting

Pursuant to the announcement released on 21 November 2012 in relation to Gemfields’ (AIM: GEM) proposed acquisition (the “Proposed Acquisition”) of a 100% interest in Faberge Limited (“Fabergé”), Gemfields confirms that a circular including a notice convening a general meeting of the Company (the “Circular” and the “General Meeting” respectively) was posted to shareholders yesterday.

Acquisition of 75% interest in an additional Mozambican ruby project

Gemfields plc (AIM: GEM) announces that it has entered into a conditional agreement (the “Agreement”) to acquire a controlling interest in an additional ruby deposit located adjacent to the Company’s Montepuez ruby mine, in the Montepuez district of the Cabo Delgado province in Mozambique (the “Project”).