News and Announcements

Market Update – Quarter to 31 March 2013

Gemfields plc (AIM: GEM) presents an operational update for the three month period ending 31 March 2013. All figures are approximate, unaudited and, unless otherwise stated, the phrase “carats” includes both emerald and beryl.

Possible Government Ban on Emerald Auctions Outside Zambia

Pursuant to applicable LSE-AIM regulations, Gemfields plc (AIM : GEM) hereby notifies its shareholders of a possible ban by the Zambian government on the Company’s ability to sell its gemstones outside of the country. Such measures are potentially detrimental to the Zambian gemstone sector and would prevent the Company from being able to freely sell its gemstones in the markets where it believes it would realise the best prices.

Auction Update April 2013

Further to the Company’s interim results announcement of 4 March 2013 disclosing that the next emerald and beryl auction would be held in March 2013, Gemfields today announces that this auction will now be held in April 2013 in Lusaka, Zambia.