Audited Annual Results For The Year Ended 31 December 2019

Gemfields is pleased to report the Company’s audited financial results for the year ended 31 December 2019 (“2019 Results”).

Sean Gilbertson, CEO of Gemfields, commented:

“We are pleased to report a strong set of results for the 2019 financial year, with the team delivering record group revenues and a healthy growth in operating profit. The successful listing on the AIM division of the London Stock Exchange took place in February 2020, a development which we believe will benefit the Company by providing, over time, greater share trading liquidity and easier access to the precious coloured gemstones sector for a wider audience of international investors.”

“While there were many positives during 2019, the new year has already presented notable challenges including an increase in trespassing artisanal miners at our Montepuez ruby mine in Mozambique and the turmoil triggered by COVID-19. I would like to thank all of our employees, communities and stakeholders for the vigilance that they have shown in managing these challenges and to reassure them of our ongoing efforts to safeguard their welfare.”