Month

April 2025

Auction Results: Commercial-Quality Emeralds

Gemfields announces the results of an auction comprised of commercial-quality rough emeralds held during the period 11 – 29 April 2025. Highlights: April 2025 Commercial-Quality Emerald Auction Total auction revenues of USD 16.4 million 36 lots were offered for sale, of which 32 were sold (89%) Average price of USD 6.87 per carat The 51 auctions of Kagem gemstones held since July 2009 have generated USD 1,090 million in total revenues

Auction Results – MRM Rubies

Gemfields is pleased to announce the results of a mini auction of Mozambican rough rubies from Montepuez Ruby Mining (“MRM”) held in Bangkok, Thailand from 21 to 25 April 2025. Highlights – Mini MRM Ruby Auction – April 2025 Auction revenues of USD 7.2 million 20 of the 21 lots on offer were sold 72.8% of the 250,004 carats on offer were sold Average sales price of USD 39.47 per carat

Proposed Rights Issue Circular and EGM Notice

Gemfields Group Limited (“Gemfields” or the “Group” or the “Company”) announces it is seeking shareholder approval to, amongst other things, issue 556,203,396 New Shares to raise approximately USD30 million by way of a fully committed and underwritten Rights Issue (the “Proposed Rights Issue”).

Audited 2024 Annual Report Released

Gemfields announces the publication of the Company’s audited Annual Report and Accounts for the year ending 31 December 2024 (“2024 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.