Overview
Gemfields is a world leading supplier of responsibly sourced coloured gemstones.
But they prefer to think of themselves as more than just a mining company. They are pioneers at an exciting new frontier where mining, marketing, exploration and ethics meet.
They oversee the mining and marketing of coloured gemstones from some of the world’s finest gemstone deposits and do so responsibly and transparently. They have mining operations in Zambia for emeralds and amethysts, in Mozambique for ruby and pink sapphire, and we are actively examining opportunities in other key gemstone producing countries around the globe.
They have a proven track record of delivering a consistent supply of professionally sorted and graded rough coloured gemstones to world markets through a programme of private auctions. They also assist the downstream supply chain through the provision of cut and polished gemstones for select customers, as well as through ongoing marketing efforts.
Gemfields’ acquisition of Fabergé in January 2013 aligned the world’s largest coloured gemstone producer with one of the world’s most recognisable and iconic heritage brands. The acquisition enables Gemfields to advance its vision for coloured gemstones to the next level, harnessing the Fabergé name to create a global coloured gemstone champion.
News
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06 Feb 2017 3 min read
Gemfields, Fabergé sales orders increase 95% versus same quarter 2015.
Gemfields (GEM:AIM) Announces second quarter operational update for the period ending 31 December 2016. Production at the 75% owned Kagem Mine was 4.7 million carats of emerald and beryl with an average grade of 156 carats per ton, versus the quarter ending 31 December 2015 of 8.2m carats with an average grade of 272 cpt. […]
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20 Dec 2016 1 min read
Gemfields ruby auction raises US$30 million
Gemfields plc has completed its seventh auction of rough rubies from the Montepuez ruby mine, in Mozambique, in which it has a 75% interest (local partner 25%). The auction raised US$30.4m, the fourth highest ruby auction total to date. The company sold almost 1.1 million carats (85% by value of the total offered) at an […]
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01 Nov 2016 2 min read
Gemfields Q1 2017 sees significant reduction in unit cost of rubies
Gemfields (GEM:AIM) Operational update for 3 month period ending 30 September 2016, the first quarter of the 2017 financial year. Ian Harebottle, CEO of Gemfields , commented: “Work on new projects continues apace and plans remain on schedule to meet our annual target production of 40 million carats of rough emeralds from Kagem and 20 million carats of […]
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27 Sep 2016 2 min read
Gemfields’ annual profits almost double as emerald sales values soar
Gemfields, the AIM-listed emerald, ruby and sapphire producer, has reported profits for the financial year ended 30 June 2016 up 91%, to US$23.5m, from the previous year. EPS doubled to US$0.02. Revenue increased by 13%, to US$193.1m. The biggest increase came from emerald sales, rising from US$64.9m in FY2015, to US$101.2m in FY2016 with record […]
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23 May 2016 1 min read
Gemfields realises record prices for rough emeralds
Gemfields plc achieved a record US$5.15 per carat for lower quality rough emeralds at its latest auction held in Jaipur, India, last week. The company sold 14 lots (out of 18 offered) comprising 2.78 million carats, representing 76% of gemstones offered. The auction raised revenue of US$14.3 million. The gemstones were mined by the company’s […]