Update: Proposed Acquisition of Faberge Limited

Gemfields plc (AIM: GEM) is pleased to announce that at the general meeting of Fabergé Limited held on 17 December 2012 (“Fabergé General Meeting” and “Fabergé” respectively), Fabergé shareholders approved the merger of Fabergé with Runway SPV, a wholly owned subsidiary of Gemfields (the “Merger”).