March 2024

Auction Results – Commercial Quality Emeralds

Gemfields is pleased to announce the results of an auction comprised of commercial quality rough emeralds held during the period 5 – 22 March 2024. Highlights: March 2024 – Commercial Quality Emerald Auction Total auction revenues of USD 17.1 million 43 lots were offered for sale, of which 40 were sold (93%) Average price of USD 4.45 per carat The 47 auctions of Kagem gemstones held since July 2009 have generated USD 1,006 million in total revenues, reaching the USD 1 billion mark

Audited 2023 Annual Report Released, Dividend Announced and Board Role Changes

Gemfields is pleased to announce publication of the Company’s audited Annual Report and Accounts for the year ending 31 December 2023 (“2023 Annual Report”). The content of this short form announcement is the responsibility of the board of directors of the Company. Shareholders are advised that this short form announcement represents a summary of the information contained in the Annual Report and does not contain full or complete details of the financial results.