Market Update
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Date20 Jun 2025
Gemfields hereby provides a market update regarding its three principal subsidiaries.
NAV Per Share: ZAc 559 (as at 31 December 2024)
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Fabergé Limited
Fabergé is one of the world’s most recognised luxury brand names, underscored by a well-documented and globally respected heritage. On 28 August 2025, Gemfields completed the sale of its entire interest in wholly owned Fabergé Limited to SMG Capital LLC, for a total consideration of USD 50 million.
For more information on Fabergé, please visit: www.faberge.com
From The Directors
Having initiated our strategic review of Fabergé in response to the considerable challenges Gemfields started facing in Q4 2024, the sale of Faberge marks the end of an era for us. Fabergé has played a key role in raising the profile of the coloured gemstones mined by Gemfields. I extend our thanks to the Fabergé team for their fortitude and the progress they have delivered over the years. Brands as iconic and beautiful as Fabergé do not change hands very often and we wish the team and Mr Mosunov every success as they perpetuate the unrivalled legacy of Fabergé.
Sean Gilbertson, Group CEO of Gemfields
Related News and Announcements
Operational Update to 31 December 2024
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Date31 Jan 2025
Gemfields shareholders are advised that the Company has released information about its operational results and financial position to 31 December 2024. These unaudited figures have been produced on a monthly basis for Gemfields’ 75%-owned Kagem emerald mine, its 75%-owned Montepuez ruby mine and Fabergé, the iconic luxury brand.