NAV Per Share: ZAc 559 (as at 31 December 2024)

News and Announcements

Auction Results – Higher-quality emeralds

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Date12 Sep 2025
Gemfields announces the results of an auction comprised of higher-quality rough emeralds held during the period 25 August – 11 September 2025. Highlights: August-September 2025 Higher-Quality Emerald Auction Total auction revenues of USD 32.0 million 38 lots were offered for sale, of which all were sold (100%) Average realised price of USD 160.78 per carat The 52 auctions of Kagem gemstones held since July 2009 have generated USD 1,122 million in total revenues The auction included an exceptional gemstone named Imboo (‘buffalo’), weighing 11,685 carats. Imboo is the latest, and largest, remarkable gemstone discovered at the Kagem mine.

Sale of Fabergé Limited for USD 50 million

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Date11 Aug 2025
Gemfields announces that it has signed an agreement to sell its entire interest in wholly owned Fabergé Limited (“Fabergé”), the iconic luxury brand, to SMG Capital LLC (the “Buyer”), for a total consideration of USD 50 million. Of that sum, USD 45 million is payable to Gemfields by the Buyer on completion of the sale (which is expected on 28 August 2025). The remaining USD 5 million is payable to Gemfields by the Buyer by way of quarterly royalty payments at a rate of 8% of Fabergé’s revenue. The sale is not expected to be subject to regulatory or any other approval processes.

Operational update to 30 June 2025 and update on strategic review of Fabergé

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Date31 Jul 2025
Gemfields shareholders are advised that the Company has released information about its operational results and financial position for the six months to 30 June 2025. 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.

Corrected Announcement – New Director – Louis du Preez

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Date30 Jun 2025
Gemfields is pleased to announce the appointment of Louis du Preez to Gemfields’ Board as Non-Executive Director from today. Louis is a representative of Rational Expectations (Pty) Ltd, per the disclosures in the Company’s recent Prospectus published on 20 May 2025. Louis du Preez’s appointment follows regulatory due diligence and the approval of shareholders at the Company’s Annual General Meeting held earlier this morning.
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