Lusaka Emerald Auction Results
/
Date21 Feb 2019
Gemfields is pleased to announce the result of an auction of predominantly commercial quality rough emerald held in Lusaka, Zambia from 18–20 February 2019. The emeralds were extracted by Kagem Mining Ltd in Zambia (“Kagem”, which is 75% owned by Gemfields and 25% by the Industrial Development Corporation of Zambia). The proceeds of this auction will be fully repatriated to Kagem in Zambia, with all royalties due to the Government of the Republic of Zambia being paid on the full sales prices achieved at the auction.
Zambian Revenue Authority Clears Kagem
/
Date18 Dec 2018
Gemfields advises that the Zambian Revenue Authority (“ZRA”) has now cleared Kagem Mining Limited (“Kagem”) following its recent tax investigation. The investigation commenced on 16 August 2018 when the ZRA served two search warrants during an unannounced visit to Kagem. The search warrants authorised the ZRA to take wide‐ranging documents and files including those allegedly “used by Kagem Mining Ltd / Limpopo Polygraphs CC to evade the payment of value added tax, income tax, withholding tax and other taxes”.
Singapore Emerald Auction Results
/
Date19 Nov 2018
Gemfields is pleased to announce the results of an auction of higher quality rough emeralds held in Singapore from 14 – 17 November 2018. The emeralds were extracted by Kagem Mining Ltd in Zambia (“Kagem”, which is 75% owned by Gemfields and 25% by the Industrial Development Corporation of Zambia). The proceeds of this auction will be fully repatriated to Kagem in Zambia, with all royalties due to the Government of the Republic of Zambia being paid on the full sales prices achieved at the auction.
Zambian Revenue Authority Search Warrants
/
Date17 Aug 2018
Gemfields advises that the Zambian Revenue Authority (“ZRA”) served two search warrants during an unannounced visit to Kagem Mining Limited (“Kagem”) on 16 August 2018. The two search warrants were issued in respect of Kagem Mining Limited and Limpopo Polygraphs CC (“LPCC”), a South African company conducting periodic polygraph testing at Kagem, and whose representative is presently on site at Kagem.
Lusaka Emerald Auction Results
/
Date03 Aug 2018
Gemfields is pleased to announce the results of an auction of predominantly commercial quality rough emerald held in Lusaka, Zambia from 30 July – 2 August 2018. The emeralds were extracted by Kagem Mining Ltd in Zambia (“Kagem”, which is 75% owned by Gemfields and 25% by the Industrial Development Corporation of Zambia). The proceeds of this auction will be fully repatriated to Kagem in Zambia, with all royalties due to the Government of the Republic of Zambia being paid on the full sales prices achieved at the auction.
Lusaka Emerald Auction Results
/
Date21 May 2018
Pallinghurst, which owns 100% of Gemfields Ltd (“Gemfields”), announces the results of an auction of higher quality rough emeralds held in Lusaka, Zambia from 15 – 18 May 2018. The emeralds were extracted by Kagem Mining Ltd in Zambia (“Kagem”, which is 75% owned by Gemfields and 25% by the Industrial Development Corporation of Zambia).
Jaipur Emerald Auction Results
/
Date23 Feb 2018
Pallinghurst is pleased to announce the results of an auction of predominantly commercial quality rough emerald held by Gemfields Ltd (“Gemfields”, which is 100% owned by Pallinghurst) in Jaipur, India from 19 – 22 February 2018. The emeralds were extracted by Kagem Mining Ltd in Zambia (“Kagem”, which is 75% owned by Gemfields and 25% by the Government of the Republic of Zambia).
Announcement of successful Lusaka Emerald Auction
/
Date06 Oct 2017
Pallinghurst is pleased to announce the results of an auction of higher quality rough emeralds held by Gemfields plc (“Gemfields”, which is 100% owned by Pallinghurst), held in Lusaka, Zambia, from 2 – 5 October 2017.
Gemfields and MUSE Introduce See-Now-Buy-Now Jewelry Collection Featuring Gemfields Rubies and Emeralds
/
Date04 May 2016
Gemfields, the world’s leading supplier of responsibly sourced colored gemstones, is pleased to announce its first see-now-buy-now collaboration with MUSE, the fine jewelry industry’s premiere showroom for emerging and established talent.
Kagem Emerald Mine JORC Resource & Reserves Update
/
Date23 Sep 2015
Gemfields plc (AIM: GEM), the world’s single largest coloured gemstones mining and marketing company, is pleased to announce the publication of a Competent Persons Report (“CPR”) produced by SRK Consulting (UK) Limited (“SRK”) on the Kagem Emerald Mine (“Kagem” or the “Mine”) in Zambia, which is 75% owned by Gemfields and 25% by the Government of Zambia. The CPR includes Mineral Resource and Ore Reserve estimates and accompanying statements prepared in accordance with JORC Code (2012) based on an extended life of mine (“LoM”) plan prepared by Gemfields and SRK.