Category: Gemstones

Gemological Science International expands global footprint with new lab in Bangkok, Thailand

Gemological Science International expands global footprint with new lab in Bangkok, Thailand

Gemological Science International (GSI), one of the largest and most technologically advanced gemological organizations in the world, proudly announces the opening of its newest laboratory in Bangkok, Thailand — the 14th in its global network

Strategic Location in Bangkok’s Gem District

Strategically located in the heart of Bangkok’s vibrant gem and jewelry district — a city widely recognized as one of the world’s most important colored gemstone trading hubs — the new GSI lab will serve both local and international clients, offering full access to GSI’s broad range of services.

Comprehensive Testing and Certification Services

The Bangkok facility provides comprehensive testing, analysis, and certification services across a wide array of product categories, including colored gemstones, natural and lab-grown diamonds, finished jewelry, and pearls. The lab also specializes in the screening and detection of undisclosed lab-grown diamonds and simulants — an area where GSI leads the industry in innovation and accuracy.

A Strategic Milestone for the Global Gemstone Industry

The launch of GSI Thailand marks a significant step forward in supporting the global colored gemstone and jewelry supply chain. The lab is equipped with state-of-the-art instrumentation and staffed by a highly trained team of local gemologists, ensuring consistent, science-based results backed by global standards of accuracy, reliability, and transparency — all while maintaining a personal approach to service.

Reinforcing Trust Through Science-Backed Services

“Our mission is to continue expanding our laboratories to serve the evolving needs of the industry while reinforcing trust through objective, science-backed gemological services,” said Debbie Azar, President of GSI. “Bangkok has long been a global epicenter for colored gemstone trading, and it’s essential for GSI to have a strong presence here — close to where our clients operate.”

Unmatched Capabilities for Large-Scale Support

“While many labs in this region focus solely on colored gemstones, GSI offers a much broader spectrum of services. From our expertise in undisclosed diamond detection and jewellery quality control, to our unmatched ability to scale — from hundreds to hundreds of thousands of pieces practically overnight — GSI is uniquely equipped to support large-scale manufacturers and global supply chains.”

About GSI:

Gemological Science International (GSI) is the only major gemological organization established in the 21st century. Founded in 2005 in New York City, it has grown to become one of the largest gemological entities in the world with laboratory facilities spanning four continents. Utilizing cutting-edge processes and proprietary technologies, along with a commitment to the highest ethical standards and practices, GSI provides manufacturers and retailers globally with a wide range of gemstone identification and grading services. The company is committed to advancing gemological research and offers gemological educational programs for trade professionals and the general public through its state-of-the-art research center.

About SVAR Media Network:

SVAR Media Network, India’s Best Magazine & Media in Jewellery, stands as the Most Followed Jewellery Magazine & Media House in India. Recognized as Asia’s one of the Best Media in Jewellery & one of the World’s Best Jewellery Media, SVAR Media Network sets Unparalleled Standards in the Gems & Jewellery industry. Proudly holding the prestigious ISO 9001:2015 Certification, SVAR Media is the First Media Brand in the Gems & Jewellery industry to achieve this milestone, showcasing its commitment to operational excellence.

Pioneering innovations include the launch of the World’s First AI Anchor in Fashion, Gems & Jewellery with SVARA AI, India’s One of the First Gems & Jewellery Podcast, Asia’s First Meta Verified Media, the World’s Second, India’s 1st Meta Verified Media in the industry. SVAR Media Network is India’s No 1 Digital Media & continues to be the Leading Jewellery Magazine & a Global Leader in Jewellery Media

SVAR Media Network offers a diverse range of services, including: Monthly Magazines, Digital Newsletters, Al-Driven News Bulletins, Social Media Promotions, Website Blogs and Articles, WhatsApp Updates, Podcasts & more…

May 28, 2025
GSI’s Sri Lanka Educational Tour: Bridging the Gap between Academia and Industry

GSI’s Sri Lanka Educational Tour: Bridging the Gap between Academia and Industry

Gemological Science International (GSI) reaffirmed its commitment to producing industry-ready professionals with its recent educational field visit to Sri Lanka’s famed gemstone mining region as part of its Colored Stone Professional Diploma Course (CSP) programme

Immersive Industry Integration in the “City of Gems”

The five-day immersive trip to Nivithigala in Ratnapura, known globally as the “City of Gems,” served as a critical industry integration step, allowing students to experience the mining techniques, market dynamics, and cultural nuances first-hand, above and beyond textbook knowledge. This approach is central to GSI’s philosophy of bridging academic knowledge with field-level realities to prepare students for meaningful, impactful careers in the gem and jewelry industry.

Statement from GSI India’s Managing Director

“Industry readiness begins at the source,” said Mr. Ramit Kapur, Managing Director of GSI India. “Our CSP programme goes beyond classroom instruction by integrating direct exposure to mining environments and local markets. These experiences empower students to understand gemstones in their true context, from extraction to evaluation, building the confidence and expertise that employers’ value. This is how we ensure our graduates are not just certified, but genuinely industry-ready professionals,” he added.

Mining Techniques Observed During the Tour

During the visit, students observed key mining methods such as riverbed dredging, where miners dive deep underwater up to 60 feet to retrieve gem-bearing gravel, and underground shaft mining, which extracts stones from shafts and tunnels reaching depths of up to 70 feet. This experience helped students gain a deeper understanding of the complex processes involved in bringing gemstones from below the earth’s surface to the market, and the factors that contribute to their high value.

Practical Market Exposure at Demuwawatha

The team also explored the Demuwawatha Gem Market in Ratnapura, interacting with local traders, evaluating and purchasing rough and cut stones and learning to identify treatments and imitations under real market conditions.

Importance of Origin Determination

Sri Lanka’s sapphires, celebrated worldwide for their vivid colours, exceptional clarity, and ethical sourcing, provide a perfect case study for origin determination; a core skill in modern gemology that influences gemstone valuation. This direct field exposure is a vital component of GSI’s comprehensive CSP curriculum, which blends rigorous classroom study with practical experiences including mine visits, factory tours, guest lectures, and hands-on workshops.

Holistic Learning through Real-world Experience

“Students who engage with the entire gem supply chain, from mine to market, develop a holistic understanding that no textbook can replicate,” said Meenu Vyas, Global Head Gemologist at GSI Education. “This learning method sharpens their ability to assess gemstone quality, authenticity, and provenance, making them uniquely qualified to meet the demands of a sophisticated global industry.”

Continuing Innovation in Gemological Education

As GSI’s latest CSP batch returns enriched with practical insights and a deeper appreciation for the complexities of the gemstone trade, the institute continues to set new benchmarks in gemological education.

About GSI

Gemological Science International (GSI) is the only major gemological organization established in the 21st century. Founded in 2005 in New York City, it has grown to become one of the largest gemological entities in the world with laboratory facilities spanning four continents. Utilizing cutting-edge processes and proprietary technologies, along with a commitment to the highest ethical standards and practices, GSI provides manufacturers and retailers globally with a wide range of gemstone identification and grading services. The company is committed to advancing gemological research and offers gemological educational programs for trade professionals and the general public.

About SVAR Media Network:

SVAR Media Network, India’s Best Magazine & Media in Jewellery, stands as the Most Followed Jewellery Magazine & Media House in India. Recognized as Asia’s one of the Best Media in Jewellery & one of the World’s Best Jewellery Media, SVAR Media Network sets Unparalleled Standards in the Gems & Jewellery industry. Proudly holding the prestigious ISO 9001:2015 Certification, SVAR Media is the First Media Brand in the Gems & Jewellery industry to achieve this milestone, showcasing its commitment to operational excellence.

Pioneering innovations include the launch of the World’s First AI Anchor in Fashion, Gems & Jewellery with SVARA AI, India’s One of the First Gems & Jewellery Podcast, Asia’s First Meta Verified Media, the World’s Second, India’s 1st Meta Verified Media in the industry. SVAR Media Network is India’s No 1 Digital Media & continues to be the Leading Jewellery Magazine & a Global Leader in Jewellery Media

SVAR Media Network offers a diverse range of services, including: Monthly Magazines, Digital Newsletters, Al-Driven News Bulletins, Social Media Promotions, Website Blogs and Articles, WhatsApp Updates, Podcasts & more…

May 23, 2025
Gemfields Showcases 36-Carat Ruby and Expands Offering at June 2025 Auction
Gemfields Showcases 36-Carat Ruby and Expands Offering at June 2025 Auction

Gemfields is pleased to announce that it will offer a broader range of secondary-type material at its forthcoming mixed-quality ruby auction in June 2025. The auction will include rubies recovered from a newer section of its Mozambican mine that has not previously been represented at auction in meaningful quantities and with a notable 36-carat ruby forming part of the offering

Location and Ownership of Montepuez Ruby Mining (MRM)

This section lies within the concession of Montepuez Ruby Mining (MRM), which is situated on one of the most significant recently discovered ruby deposits in the world. MRM is located in the Montepuez district of Cabo Delgado province in Mozambique and the licence area stretches over 34,966 hectares. MRM is operated and 75% owned by Gemfields, with the remaining 25% owned by Mwiriti Limitada, a Mozambican company.

Unique Characteristics of Newly Recovered Rubies

The rubies recently recovered from this newer section of the mine exhibit noticeable differences in characteristics compared to the secondary-type rubies which Gemfields has brought to market over the past 11 years. These gems often display a slightly lighter tone and stronger fluorescence, due to lower iron content, offering customers an opportunity to broaden their range of tones and hues.

Statement by Adrian Banks, Managing Director

Adrian Banks, Managing Director for Product and Sales at Gemfields, commented, “It is exciting to see the evolving variety of rubies being recovered by Montepuez Ruby Mining. I am particularly eager to see how a single fine-quality ruby weighing 36 carats will perform at our auction. I believe this ruby will be strongly contested by discerning clients who recognise the rarity and significance of such a gemstone, given both its size and quality.”

Gemfields’ Auction Platform and Future Plans

Gemfields has built a strong reputation for the reliable and consistent supply of Mozambican rubies through its well-established auction platform, which sees the full sales proceeds of each auction repatriated to Mozambique. Its structured and transparent sales system has ensured dependable access to a wide range of ruby qualities, allowing manufacturers, jewellers, and brands to plan their supply chains with confidence. Looking to the future, the forthcoming completion of a new 400 tonne-per-hour ore processing plant, tripling MRM’s through-put capacity, will be a significant development. This increased capacity will be crucial in maintaining Gemfields’ ability to provide a steady supply of a wide-ranging portfolio of Mozambican rubies in order to meet the expectations of the market.

About Gemfields:

Gemfields is a world-leading responsible miner and marketer of coloured gemstones. The operator and 75% owner of both the Kagem emerald mine in Zambia (believed to be the world’s single largest producing emerald mine) and Montepuez Ruby Mining in Mozambique (one of the most significant recently discovered ruby deposits in the world), Gemfields believes that those who mine gemstones should do so with transparency, legitimacy and integrity.

Gemfields introduced a technologically advanced coloured gemstone sort house at its operation in Mozambique, with state-of-the-art equipment, like optical sorting machines. In addition, a proprietary grading system, a pioneering auction platform and an active marketing presence have all contributed to Gemfields playing a significant role in the rise of African gemstones. Underlying this achievement has been the strong belief that coloured gemstones should create a positive impact for the country and community from which they originate.

Responsible mining for Gemfields means implementing industry-leading policies and practices across operations, transparency in its auction sales process, an active role in working groups to modernise the sector, projects to improve health, education and livelihoods for the communities around its mines and conservation efforts (#conservationgemstones) to protect Africa’s great wildlife and biodiversity.

Gemfields Foundation is the charitable arm of Gemfields, through which donors can contribute funding to directly support community and conservation projects in Africa, magnifying the scale of the work already carried out by Gemfields itself.

About SVAR Media Network – India’s Best Source for Jewellery News, Magazines, Newsletters and Media

SVAR Media Network is India’s No. 1 Destination for Jewellery News, setting the gold standard in timely, trusted, & trend-driven coverage across the Gems & Jewellery industry. As the Most Followed Jewellery Magazine & Media House in India, SVAR delivers Daily Jewellery News India Updates, market insights, & global developments through its platforms like Jewellery Magazine, Newsletters, AI Powered News Bulletins, Website, Social Media, Podcasts, & much more.

Recognized as Asia’s one of the Best Media in Jewellery & one of the World’s Best Jewellery Media, SVAR Media Network sets Unparalleled Standards in the Gems & Jewellery industry. SVAR is the Most Trusted & Widely Read Voice in the Gems & Jewellery Community.

Renowned as India’s Best Jewellery Magazine & Leading Jewellery Media, SVAR blends legacy with cutting-edge innovation by delivering:
- Best in class Jewellery Magazine for the Gems & Jewellery Industry & Jewellery Enthusiasts
- Real-time AI-Powered Jewellery News via SVARA AI, the World’s First AI Anchor in Fashion, Gems & Jewellery Industry
- India’s One of the First Gems & Jewellery Podcasts
- Digital Jewellery Newsletters for professionals and enthusiasts
- ISO 9001:2015 Certification, the first in the jewellery-media sector, proving our commitment to excellence
- Asia’s First & World’s Second Meta Verified Jewellery Media Brand
Ranked #1 among the Top 5 Gems & Jewellery News Websites, Top 10 Jewellery Magazines in India, & Most Influential Jewellery Media Brands, SVAR Media Network is your Trusted Source for Accurate, Fast, & Future-Focused Jewellery News.

SVAR Media Network is India’s No 1 Digital Media in Jewellery Industry & continues to be the Leading Jewellery Magazine & a Global Leader in Jewellery Media. SVAR Media Network offers a diverse range of services, including: Monthly Magazines, Digital Newsletters, Al-Driven News Bulletins, Social Media Promotions, Website Blogs & Articles, WhatsApp Updates, Podcasts & more…

Whether you seek updates on New Launches, Trade Shows, Celebrity Campaigns, Trends or Market Movements, SVAR is the Authority in Jewellery News India & beyond.

Explore the World of Gems & Jewellery with SVAR Media Network — Your Best Source for Trusted, Trend-Setting Jewellery News & Media.
May 22, 2025
Publication of Prospectus
Publication of Prospectus

Gemfields is pleased to announce the publication of a Prospectus in relation to the issuance of 556,203,396 New Shares to raise approximately USD30 million by way of a fully underwritten Rights Issue (the “Rights Issue”), as originally announced on 11 April 2025

Regulatory Approval and Shareholder Confirmation

The Prospectus has received regulatory approval from the Johannesburg Stock Exchange (“JSE”) and the Financial Conduct Authority (“FCA”), and the publication follows the Company receiving shareholder approval for the Rights Issues’ required resolutions at an Extraordinary General Meeting held yesterday (Monday 19 May 2025).

Availability of Prospectus

The Prospectus and associated documents will shortly be made available on the Group’s website at: www.gemfieldsgroup.com/proposed-rights-issue-2025/, and will be printed and posted to all Qualifying Shareholders on 28 May 2025.

Submission to National Storage Mechanism

A copy of the Prospectus will also be submitted to the National Storage Mechanism and shortly be available for inspection at https://data.fca.org.uk/#/nsm/nationalstoragemechanism.

Expected Timetable of Events

The timetable in connection with the Rights Issue is set out below.

Disclaimer on Dates and Timing

Each of the times and dates in the table below is indicative only and may be subject to change.

Key Rights Issue Dates and Milestones
- Restrictions on transfers between UK Register and SA Register begin – Close of business on 20 May 2025
- Prospectus approved and made available on the Company’s website and the FCA’s National Storage Mechanism – 20 May 2025
- In South Africa: Last Day to Trade Existing Shares on the JSE to qualify to participate in the Rights Issue (cum Rights) – 22 May 2025
- Despatch of Forms of Instruction to Qualifying South African Shareholders who hold their Shares in certificated form – Close of business on 22 May 2025
- Existing Shares marked “ex” by the Johannesburg Stock Exchange – 9:00 a.m. SAST on 23 May 2025
- Listing of Letters of Allocation commence on the JSE under Alpha code GMLN and ISIN: GG00BT3PBP61 – 9:00 a.m. SAST on 23 May 2025
- United Kingdom: Record date for entitlement under the Rights Issue for Qualifying CREST Shareholders and Qualifying Non-CREST Shareholders – 6:00 p.m. London time on 27 May 2025
- South Africa: Record date for entitlements under the Rights Issue for Qualifying South African Shareholders – 27 May 2025
- Despatch of Provisional Allotment Letters (to Qualifying Non-CREST Shareholders only) – 28 May 2025
- Prospectus printed and posted to all Qualifying Shareholders – 28 May 2025
Crediting of Letters of Allocation
- Qualifying South African Shareholders who hold their Shares in uncertificated form will have their accounts at their CSDP or broker automatically credited with their Letters of Allocation – 9:00 a.m. SAST on 28 May 2025
- Qualifying South African Shareholders who hold their Shares in certificated form will have their Letters of Allocation credited to an account held with the SA Registrar – 9:00 a.m. SAST on 28 May 2025
London Exchange Activity
- Existing Shares marked “ex” by the London Stock Exchange – 8:00 a.m. London time on 29 May 2025
- Rights Issue opens – 29 May 2025
- Admission and dealings in New Shares, nil paid, commence on AIM – 29 May 2025
- Nil Paid Rights credited to stock accounts in CREST (Qualifying CREST Shareholders only) – Post 8:00 a.m. London time on 29 May 2025
UK Shareholder Processing Deadlines
- United Kingdom: Recommended latest time and date for requesting withdrawal of Nil Paid Rights and Fully Paid Rights from CREST – 4:30 p.m. London time on 5 June 2025
- United Kingdom: Latest time for depositing renounced Provisional Allotment Letters, nil or fully paid, into CREST – 3:00 p.m. London time on 6 June 2025
South African Shareholder Processing Deadlines
- South Africa: In respect of Qualifying South African Shareholders who hold their Shares in certificated form wishing to sell all or part of their Letters of Allocation, latest time and date for submission of Form of Instruction to SA Registrar – 9:00 a.m. SAST on 9 June 2025
- South Africa: Last day to trade Letters of Allocation on the JSE – 9 June 2025
Commencement of New Share Trading
- Listing and trading of New Shares on the JSE dealings in New Shares on a deferred settlement basis commence – 9:00 a.m. SAST on 10 June 2025
Final Submission and Acceptance Deadlines
- United Kingdom: Latest time and date for splitting Provisional Allotment Letters, nil or fully paid – 3:00 p.m. London time on 10 June 2025
- United Kingdom: Latest time and date for acceptance, payment in full and registration or renunciation of Provisional Allotment Letters – 11:00 a.m. London time on 12 June 2025
- Rights Issue closes
- Record date for Letters of Allocation on the JSE – 12 June 2025
- Restriction on transfers between UK Register and SA Register ends – Close of business on 12 June 2025
Post Rights Issue Processing
- CSDP/broker accounts credited with New Shares and debited with payments due – 13 June 2025
- United Kingdom and South Africa: Results of the Rights Issue announced – 13 June 2025
- Listing and trading of New Shares on AIM – 8:00 a.m. London time on 13 June 2025
- United Kingdom: New Shares credited to CREST stock accounts – Post 8:00 a.m. London time on 13 June 2025
- Expected despatch of definitive share certificates for the New Shares in certificated form – Within ten Business Days of AIM Admission
Notes:
- The Rights Issue is subject to certain restrictions relating to Shareholders with registered addresses in the Excluded Territories, details of which will be set out in the Prospectus.
- The results of the Rights Issue will be announced by way of a simultaneous RIS and SENS announcement on 13 June 2025.
- The times and dates set out in the expected timetable of principal events above may be adjusted by Gemfields in consultation with Panmure Liberum.
- Unless stated otherwise, references to times in this timetable are to London time or South Africa Standard Time, as applicable.
- The Rights Issue will open two days post the record date to allow for the distribution of the Prospectus.
- No excess applications are allowed.
- Fractional entitlements will be rounded up or down.
- Instructions for uncertificated holders must follow CSDP/broker agreements.
- Letters of Allocation will be credited as applicable.
- South African Shareholders may not rematerialise or dematerialise their Shares from 9–12 June 2025.
About Gemfields:

Gemfields is a world-leading responsible miner and marketer of coloured gemstones. Gemfields is the operator and 75% owner of both the Kagem emerald mine in Zambia (believed to be the world’s single largest producing emerald mine) and the Montepuez ruby mine in Mozambique (one of the most significant recently discovered ruby deposits in the world). In addition, Gemfields also holds controlling interests in various other gemstone mining and prospecting licences in Zambia, Mozambique, Ethiopia and Madagascar.

Gemfields’ outright ownership of Fabergé – an iconic and prestigious brand of exceptional heritage enables Gemfields to optimise positioning, perception and consumer awareness of coloured
gemstones through Fabergé designs, advancing the wider group’s “mine and market” vision.

Gemfields has developed a proprietary grading system and a pioneering auction platform to provide a consistent supply of coloured gemstones to downstream markets, a key component of Gemfields’ business model that has played an important role in the growth of the global coloured
gemstone sector.

About SVAR Media Network – India’s Best Source for Jewellery News, Magazines, Newsletters and Media

SVAR Media Network is India’s No. 1 Destination for Jewellery News, setting the gold standard in timely, trusted, & trend-driven coverage across the Gems & Jewellery industry. As the Most Followed Jewellery Magazine & Media House in India, SVAR delivers Daily Jewellery News India Updates, market insights, & global developments through its platforms like Jewellery Magazine, Newsletters, AI Powered News Bulletins, Website, Social Media, Podcasts, & much more.

Recognized as Asia’s one of the Best Media in Jewellery & one of the World’s Best Jewellery Media, SVAR Media Network sets Unparalleled Standards in the Gems & Jewellery industry. SVAR is the Most Trusted & Widely Read Voice in the Gems & Jewellery Community.

Renowned as India’s Best Jewellery Magazine & Leading Jewellery Media, SVAR blends legacy with cutting-edge innovation by delivering:
- Best in class Jewellery Magazine for the Gems & Jewellery Industry & Jewellery Enthusiasts
- Real-time AI-Powered Jewellery News via SVARA AI, the World’s First AI Anchor in Fashion, Gems & Jewellery Industry
- India’s One of the First Gems & Jewellery Podcasts
- Digital Jewellery Newsletters for professionals and enthusiasts
- ISO 9001:2015 Certification, the first in the jewellery-media sector, proving our commitment to excellence
- Asia’s First & World’s Second Meta Verified Jewellery Media Brand
Ranked #1 among the Top 5 Gems & Jewellery News Websites, Top 10 Jewellery Magazines in India, & Most Influential Jewellery Media Brands, SVAR Media Network is your Trusted Source for Accurate, Fast, & Future-Focused Jewellery News.

SVAR Media Network is India’s No 1 Digital Media in Jewellery Industry & continues to be the Leading Jewellery Magazine & a Global Leader in Jewellery Media. SVAR Media Network offers a diverse range of services, including: Monthly Magazines, Digital Newsletters, Al-Driven News Bulletins, Social Media Promotions, Website Blogs & Articles, WhatsApp Updates, Podcasts & more…

Whether you seek updates on New Launches, Trade Shows, Celebrity Campaigns, Trends or Market Movements, SVAR is the Authority in Jewellery News India & beyond.

Explore the World of Gems & Jewellery with SVAR Media Network — Your Best Source for Trusted, Trend-Setting Jewellery News & Media.
May 20, 2025

Results of Extraordinary General Meeting and Rights Issue JSE finalisation information

Shareholders are advised that an Extraordinary General Meeting (“EGM”) was held today, Monday 19 May 2025, in relation to the issuance of 556,203,396 New Shares to raise approximately USD30 million by way of a fully underwritten Rights Issue (the “Rights Issue”), as originally announced on 11 April 2025

Shareholder Approval

The ordinary and special resolutions were passed by the requisite majority of shareholders, granting shareholder approval for the Rights Issue to proceed.
A Prospectus is therefore expected to be published tomorrow, Tuesday 20 May 2025 following receiving final regulatory approval from the Johannesburg Stock Exchange (“JSE”) and Financial Conduct Authority (“FCA”).

EGM Voting Results Summary

Details of the voting results at the EGM are as follows:

Total number of Ordinary Shares (with voting rights): 1,168,027,130
Total number of Ordinary Shares present/represented including proxies at the meeting (including shares abstained or withheld from voting): 894,829,807
Percentage of Ordinary Shares represented at the meeting: 76.61%

Voting Results by Resolution

Resolution proposed	For	Against	Abstain or withheld
Ordinary resolution 1: To approve the Rule 9 Waiver	341,401,126	31,895,350	521,533,331
	91.46%	8.54%
Special resolution 1: To grant the Directors the authority to allot and issue New Shares in connection with the Proposed Rights Issue	862,681,012	32,089,075	59,720
	96.41%	3.59%
Ordinary resolution 2: To approve the Underwriting Issue to the Underwriters	772,277,589	122,330,588	221,630
	86.33%	13.67%

1 Includes the votes from the Rights Issue’s underwriting shareholders who were precluded from voting on Ordinary Resolution 1.

JSE Finalisation Information

Rights Issue Summary:

Event Type	Rights Issue
Basis of Rights Issue	10 New Shares for every 21 Existing Shares
Price per New Share (1)	4.22 pence or ZAR1.06860
Number of Shares in issue at the date of this Announcement (2)	1,168,027,130
Number of New Shares to be issued by Gemfields pursuant to the Rights Issue	556,203,396
Number of Shares in issue immediately following completion of the Rights Issue (3)	1,724,230,526
Gross proceeds of the Rights Issue	USD30,000,000

Based on the following spot exchange rates as at the close of business on 10 April 2025, being the last Business Day prior to the date of the publication of the Circular sourced from Bloomberg: USD1.00 = GBP0.7726, GBP1.00 = ZAR25.32117.

No Shares are held in treasury

On the basis that no further Shares are issued as a result of the exercise of any options or vesting of awards under any Employee Share Schemes between the date of this Announcement and the completion of the Rights Issue.

Expected Timetable of Events

Indicative Dates for the Rights Issue

Each of the times and dates in the table below is indicative only and may be subject to change.

Record date for shareholders to receive the Prospectus: 15 May 2025
Publication of finalisation information in relation to the Rights Issue by 11:00 a.m. SAST or as soon as practicable thereafter: 19 May 2025
Restrictions on transfers between UK Register and SA Register begin: Close of business on 20 May 2025
Prospectus approved and made available on the Company’s website and the FCA’s National Storage Mechanism: 20 May 2025
South Africa: Last Day to Trade Existing Shares on the JSE to qualify to participate in the Rights Issue (cum Rights): 22 May 2025
Despatch of Forms of Instruction to Qualifying South African Shareholders who hold their Shares in certificated form: Close of business on 22 May 2025
Existing Shares marked “ex” by the Johannesburg Stock Exchange: 9:00 a.m. SAST on 23 May 2025
Listing of Letters of Allocation commence on the JSE under Alpha code GMLN and ISIN: GG00BT3PBP61: 9:00 a.m. SAST on 23 May 2025
United Kingdom: Record date for entitlement under the Rights Issue for Qualifying CREST Shareholders and Qualifying Non-CREST Shareholders: 6:00 p.m. London time on 27 May 2025
South Africa: Record date for entitlements under the Rights Issue for Qualifying South African Shareholders: 27 May 2025
Despatch of Provisional Allotment Letters (to Qualifying Non-CREST Shareholders only) (1): 28 May 2025
Prospectus printed and posted to all Qualifying Shareholders: 28 May 2025
Qualifying South African Shareholders who hold their Shares in uncertificated form will have their accounts at their CSDP or broker automatically credited with their Letters of Allocation: 9:00 a.m. SAST on 28 May 2025
Qualifying South African Shareholders who hold their Shares in certificated form will have their Letters of Allocation credited to an account held with the SA Registrar: 9:00 a.m. SAST on 28 May 2025
Existing Shares marked “ex” by the London Stock Exchange: 8:00 a.m. London time on 29 May 2025
Rights Issue opens: 29 May 2025
Admission and dealings in New Shares, nil paid, commence on AIM: 29 May 2025
Nil Paid Rights credited to stock accounts in CREST (Qualifying CREST Shareholders only): Post 8:00 a.m. London time on 29 May 2025
UK: Recommended latest time and date for requesting withdrawal of Nil Paid Rights and Fully Paid Rights from CREST: 4:30 p.m. London time on 5 June 2025
UK: Latest time for depositing renounced Provisional Allotment Letters, nil or fully paid, into CREST or for dematerialising into CREST: 3:00 p.m. London time on 6 June 2025
South Africa: Certificated shareholders latest time and date to submit Form of Instruction to SA Registrar: 9:00 a.m. SAST on 9 June 2025
South Africa: Last day to trade Letters of Allocation on the JSE: 9 June 2025
Listing and trading of New Shares on the JSE (deferred settlement basis): 9:00 a.m. SAST on 10 June 2025
UK: Latest time and date for splitting Provisional Allotment Letters: 3:00 p.m. London time on 10 June 2025
UK: Latest time and date for acceptance, payment, and registration or renunciation of Provisional Allotment Letters: 11:00 a.m. London time on 12 June 2025
Rights Issue closes: 12 June 2025
Record date for Letters of Allocation on the JSE: 12 June 2025
Restriction on transfers between UK and SA Register ends: Close of business on 12 June 2025
CSDP/broker accounts credited with New Shares and debited with payments due: 13 June 2025
Results of the Rights Issue announced (UK and SA): 13 June 2025
Listing and trading of New Shares on AIM: 8:00 a.m. London time on 13 June 2025
UK: New Shares credited to CREST accounts: Post 8:00 a.m. London time on 13 June 2025
Expected despatch of definitive share certificates: Within ten Business Days of AIM Admission

Notes on the Timetable:

Rights Issue restrictions apply to shareholders in Excluded Territories (details in the Prospectus).
Results announced via RIS and SENS on 13 June 2025.
Timetable may be adjusted by Gemfields in consultation with Panmure Liberum.
Time references are to London or SAST time, as applicable.
Rights Issue opens two days post-record date (UK standard practice).
No excess applications allowed.
Fractional entitlements will be rounded up or down.
South African uncertificated shareholders must follow CSDP/broker agreements.
SA Shareholders with certificated Shares will get a Form of Instruction.
No rematerialisation/dematerialisation between 9–12 June 2025.

About Gemfields:

Gemfields is a world-leading responsible miner and marketer of coloured gemstones. Gemfields is the operator and 75% owner of both the Kagem emerald mine in Zambia (believed to be the world’s single largest producing emerald mine) and the Montepuez ruby mine in Mozambique (one of the most significant recently discovered ruby deposits in the world). In addition, Gemfields also holds controlling interests in various other gemstone mining and prospecting licences in Zambia, Mozambique, Ethiopia and Madagascar.

Gemfields’ outright ownership of Fabergé – an iconic and prestigious brand of exceptional heritage enables Gemfields to optimise positioning, perception and consumer awareness of coloured
gemstones through Fabergé designs, advancing the wider group’s “mine and market” vision.

Gemfields has developed a proprietary grading system and a pioneering auction platform to provide a consistent supply of coloured gemstones to downstream markets, a key component of Gemfields’ business model that has played an important role in the growth of the global coloured
gemstone sector.

About SVAR Media Network – India’s Best Source for Jewellery News, Magazines, Newsletters and Media

SVAR Media Network is India’s No. 1 Destination for Jewellery News, setting the gold standard in timely, trusted, & trend-driven coverage across the Gems & Jewellery industry. As the Most Followed Jewellery Magazine & Media House in India, SVAR delivers Daily Jewellery News India Updates, market insights, & global developments through its platforms like Jewellery Magazine, Newsletters, AI Powered News Bulletins, Website, Social Media, Podcasts, & much more.

Recognized as Asia’s one of the Best Media in Jewellery & one of the World’s Best Jewellery Media, SVAR Media Network sets Unparalleled Standards in the Gems & Jewellery industry. SVAR is the Most Trusted & Widely Read Voice in the Gems & Jewellery Community.

Renowned as India’s Best Jewellery Magazine & Leading Jewellery Media, SVAR blends legacy with cutting-edge innovation by delivering:

Best in class Jewellery Magazine for the Gems & Jewellery Industry & Jewellery Enthusiasts
Real-time AI-Powered Jewellery News via SVARA AI, the World’s First AI Anchor in Fashion, Gems & Jewellery Industry
India’s One of the First Gems & Jewellery Podcasts
Digital Jewellery Newsletters for professionals and enthusiasts
ISO 9001:2015 Certification, the first in the jewellery-media sector, proving our commitment to excellence
Asia’s First & World’s Second Meta Verified Jewellery Media Brand

Ranked #1 among the Top 5 Gems & Jewellery News Websites, Top 10 Jewellery Magazines in India, & Most Influential Jewellery Media Brands, SVAR Media Network is your Trusted Source for Accurate, Fast, & Future-Focused Jewellery News.

SVAR Media Network is India’s No 1 Digital Media in Jewellery Industry & continues to be the Leading Jewellery Magazine & a Global Leader in Jewellery Media. SVAR Media Network offers a diverse range of services, including: Monthly Magazines, Digital Newsletters, Al-Driven News Bulletins, Social Media Promotions, Website Blogs & Articles, WhatsApp Updates, Podcasts & more…

Whether you seek updates on New Launches, Trade Shows, Celebrity Campaigns, Trends or Market Movements, SVAR is the Authority in Jewellery News India & beyond.

Explore the World of Gems & Jewellery with SVAR Media Network — Your Best Source for Trusted, Trend-Setting Jewellery News & Media.

May 20, 2025

Gems Beneath the Ocean: The Story of Coral and Pearl Conservation
Gems Beneath the Ocean: The Story of Coral and Pearl Conservation

The ocean holds treasures far beyond our imagination. Among its most delicate and enchanting gifts are corals and pearls—gems that have adorned humans for centuries. But as the demand for beauty grows, the survival of these marine wonders is under serious threat. This is the story of their conservation and why it matters now more than ever.

What Makes Coral and Pearl So Special?

Corals are not just pretty objects in the sea. They are animals—tiny polyps that build enormous underwater structures called coral reefs. The reefs give home to around 25% of all sea life, even though they cover less than 1% of the sea floor.

Pearls are created by molluscs, mostly oysters, when they are stirred up by something inside their shell. We humans have cherished these natural treasures in jewellery for millennia. But do you know that corals and pearls show the health of the ocean?

Their existence indicates the delicate equilibrium of oceanic life. When that equilibrium is disturbed, the damage extends throughout the sea.

The Threats Facing Coral Reefs and Pearl Oysters

One of the most significant threats to coral reefs is climate change. When sea temperatures increase, coral bleaching is caused, and corals whiten and subsequently die. This stress is further caused by pollution, overfishing, and coastal development.

Pearl oysters are equally vulnerable. Ocean pollution and acidification weaken their ability to form strong, lustrous pearls. Over-harvesting and incautious pearl farming have decimated wild oyster populations.

The Rise of Sustainable Coral and Pearl Practices

The good news is that conservation work is on the rise, and with it, environmentally friendly coral and pearl farming practices are catching up. Pearl farms in countries such as Japan, Australia, and the Philippines are now moving towards more eco-friendly practices, supporting biodiversity.

In the same way, coral rehabilitation also includes seeding coral nurseries and artificial reefs. Marine biologists and divers transplant young corals to injured reef areas so that they can develop naturally.

These activities not only protect nature, they also create jobs, boost local economies, and offer long-term solutions to climate issues.

How the Jewellery Industry Is Playing Its Part

The ethical jewellery trend is changing consumer and brand perceptions towards sea gemstones. Jewellers are now more likely to ask where and how their pearls and corals are produced. Certifications, such as those from the Marine Stewardship Council or the Sustainable Pearling Initiative, are facilitating transparency and traceability.

There are some designers who have totally ditched the use of natural coral and opted for lab-grown versions or recycled antique pieces instead. Others, though, work with pearl farms that practice ethical farming and conservation.

By purchasing such practices, customers are becoming part of a global movement committed to the protection of our oceans.

What You Can Do to Support Coral and Pearl Conservation

You don’t need to be a marine biologist to make a difference. Here are a few simple ways you can help:
- Choose ethically sourced pearls and coral-free jewellery
- Support brands that value sustainable and ethical practices
- Educate yourself and others about marine life conservation
- Reduce your plastic use to keep oceans clean
- Donate to coral reef restoration or marine conservation charities
Every action counts—even the smallest change can create a wave of impact.

A Legacy Worth Protecting

Corals and pearls have always been symbols of elegance, wealth, and nature’s artistry. But today, they also represent resilience and hope. As we look towards a more sustainable future, protecting these gems beneath the ocean is no longer a choice—it’s a responsibility.

Whether you’re a jewellery lover, a traveller, or simply someone who cares about the planet, your choices matter. Let’s make sure the ocean continues to shine for generations to come.

For such amazing content and latest updates on Jewellery Industry, News and Media follow and subscribe Svar Media Jewellery News
May 18, 2025
Gemfields Group: Kagem to recommence focused open-pit mining

Gemfields Group: Kagem to recommence focused open-pit mining

Gemfields is pleased to announce that Kagem Mining Limited (“Kagem”), the emerald mine in Zambia which is 75% owned by Gemfields and 25% owned by the Government of the Republic of Zambia through the Industrial Development Corporation of Zambia (“IDC”), will shortly recommence a programme of focused open-pit mining to recover more premium emeralds.

Suspension of Mining Operations and Cost-Cutting Measures

As announced on 23 December 2024, alongside other cost cutting measures, Kagem suspended all mining from 1 January 2025 to focus on processing ore from Kagem’s significant ore stockpile utilising the upgraded processing plant.

Emerald Production Performance in 2025

Emerald production from the processing plant in 2025 so far, in terms of carats recovered, has been in-line with the Company’s expectations, producing a lower proportion of higher-quality or premium emeralds than direct open-pit mining methods.

Auction Results Influence Strategic Decisions

Kagem’s recent auction results, including the encouraging commercial-quality auction results released on 30 April 2025, has increased management confidence in the current emerald market and the decision has therefore been taken to recommence mining of two key production points in the Chama pit, with minimal waste mining, to recover premium emeralds for Kagem’s future higher-quality auctions.

Future Mining Strategy Under Review

The decision to recommence full scale mining will continue to be assessed as market conditions develop.

Overview of Gemfields’ Operations

Gemfields is a world-leading responsible miner and marketer of coloured gemstones. Gemfields is the operator and 75% owner of both the Kagem emerald mine in Zambia (believed to be the world’s single largest producing emerald mine) and the Montepuez ruby mine in Mozambique (one of the most significant recently discovered ruby deposits in the world). In addition, Gemfields also holds controlling interests in various other gemstone mining and prospecting licences in Zambia, Mozambique, Ethiopia and Madagascar.

Fabergé Ownership and Strategic Positioning

Gemfields’ outright ownership of Fabergé – an iconic and prestigious brand of exceptional heritage – enables Gemfields to optimise positioning, perception and consumer awareness of coloured gemstones through Fabergé designs, advancing the wider group’s “mine and market” vision.

Grading System and Auction Platform

Gemfields has developed a proprietary grading system and a pioneering auction platform to provide a consistent supply of coloured gemstones to downstream markets, a key component of Gemfields’ business model that has played an important role in the growth of the global coloured gemstone sector.

About SVAR Media Network:

SVAR Media Network, India’s Best Magazine & Media in Jewellery, stands as the Most Followed Jewellery Magazine & Media House in India. Recognized as Asia’s one of the Best Media in Jewellery & one of the World’s Best Jewellery Media, SVAR Media Network sets Unparalleled Standards in the Gems & Jewellery industry. Proudly holding the prestigious ISO 9001:2015 Certification, SVAR Media is the First Media Brand in the Gems & Jewellery industry to achieve this milestone, showcasing its commitment to operational excellence.

Pioneering innovations include the launch of the World’s First AI Anchor in Fashion, Gems & Jewellery with SVARA AI, India’s One of the First Gems & Jewellery Podcast, Asia’s First Meta Verified Media, the World’s Second, India’s 1st Meta Verified Media in the industry. SVAR Media Network is India’s No 1 Digital Media & continues to be the Leading Jewellery Magazine & a Global Leader in Jewellery Media

SVAR Media Network offers a diverse range of services, including: Monthly Magazines, Digital Newsletters, Al-Driven News Bulletins, Social Media Promotions, Website Blogs and Articles, WhatsApp Updates, Podcasts & more…

May 8, 2025
Emeralds announce spring’s arrival in Natasha Collis x Gemfields collaboration
Emeralds announce spring’s arrival in Natasha Collis x Gemfields collaboration

Just in time for the start of Emerald Month in May – when green buds burst into life, lifting spirits – comes an exciting new collaboration from Gemfields. A world-leading responsible miner and marketer of coloured gemstones, and majority-owner and operator of the Kagem emerald mine in Zambia, Gemfields has joined forces with Ibiza-based jeweller Natasha Collis on two special collections designed to “bring joy to the everyday”.

Introducing Ludic and Dancing Duet

The Natasha Collis Fine Jewellery x Gemfields Ludic and Dancing Duet ranges showcase Gemfields’ Zambian emeralds offset against yellow gold in pieces that balance spontaneity and refinement. Inspired by the dualities of nature, they resound with the joys of spring.

The Four-Piece Ludic Collection

The four-piece Ludic collection consists of arresting 6cm drop earrings with oval, pear and round cut emeralds; a striking statement ring with an off-centre emerald; an open bangle with emerald pavé; and a necklace with a chain of oval, pear and round emeralds.
The Signature of Free-Form Design

Ludic is defined by its free-form shapes, a motif which also provides the design inspiration underpinning the Dancing Duet range. In this second collection, contrasting gold forms are placed two by two, creating an intimate duality of interconnected elements.

Dancing Duet: Graceful and Playful

The Dancing Duet range encompasses two necklaces, cascading Dancing Duet earrings, everyday studs and a beautifully flowing bracelet. Each of these features exquisite emeralds from the Kagem mine, set in sculpted 18k gold pieces, locked together in a graceful dance of playful opposition.
Artistic Roots and Creative Inspiration

“My love for emeralds combined with Gemfields’ brand ethos inspired me to create this collaboration,” says Natasha Collis, who founded her eponymous fine jewellery brand in London before relocating in 2009 to Ibiza, where she now has a boutique and studio in the rugged North of the island and takes design inspiration from nature. A trained painter, Natasha switched her focus to jewellery design, experimenting with gold and different creations, and she has never looked back.

Playful Gold and Asymmetric Beauty

Her signature style highlights the raw beauty of gold: hand-crafting nuggets into organic shapes, with carefully selected asymmetric gemstones incorporated in a quirky and playful way. Natasha’s designs are, at once, wearable works of art and perfect for layering into every day.

Gemfields’ Responsible Mining Philosophy

Gemfields believes those who mine gemstones should do so with transparency, legitimacy and integrity, and that coloured gemstones should create a positive impact for the country and community from which they originate. Kagem – 75% owned by Gemfields in partnership with the Zambian government – is believed to be the world’s single largest-producing emerald mine and has been the source of some of the most exceptional emeralds ever seen.

Nature’s Miracles in Green

“Natasha Collis’ organic, free-flowing designs take us to Ibiza! In these beautiful collections, Zambian emeralds provide pops of green and sparkle, effortlessly elevating a look and demonstrating the playful quality of coloured gemstones. Each emerald is a miracle of nature, having formed over 500 million years ago in the most unlikely of circumstances. Their rarity and unique characteristics set them apart, and make them the perfect choice for collections that are lively, and full of fun,” says Gemfields’ Marketing and Communications Director, Emily Dungey. With emerald the resplendent birthstone of May, it is timely to see Kagem’s treasures take pride of place in these one-of-a-kind designs by Natasha.

Pricing and Availability

The Natasha Collis x Gemfields Ludic collection ranges from GBP 3,663 – GBP 50,500 and is available from 1 May 2025 on Natasha Collis.

The Natasha Collis x Gemfields Dancing Duet collection ranges from GBP 1,265 – GBP 13,360 and is available from 1 May 2025 on Natasha Collis.

About Natasha Collis

Founded by Natasha Collis, the brand is a reflection of her artistic journey—one that began with fine art and evolved into a deep love for jewellery design. Initially a painter, Natasha’s creative path took an unexpected turn when she began experimenting with gold and jewellery making. What started as a creative curiosity quickly became a lifelong passion.

Natasha’s signature design language revolves around gold’s raw beauty. Her handcrafted nuggets, shaped with an artist’s eye, echo the irregular forms found in nature, giving each piece its own character. Carefully selected asymmetrical precious stones are thoughtfully placed to complement the gold, creating a perfect balance of playfulness and refinement.

Though delicate in appearance, Natasha’s jewellery is designed for everyday wear, effortlessly layering to create striking, personal statements. Her work captures the essence of natural beauty, where art and craftsmanship merge to create timeless, one-of-a-kind pieces.

About Gemfields

Gemfields is a world-leading responsible miner and marketer of coloured gemstones. The operator and 75% owner of both the Kagem emerald mine in Zambia (believed to be the world’s single largest producing emerald mine) and the Montepuez ruby mine in Mozambique (one of the most significant recently discovered ruby deposits in the world), Gemfields believes that those who mine gemstones should do so with transparency, legitimacy and integrity.

Gemfields introduced a technologically advanced coloured gemstone sort house at its operation in Mozambique, with state-of-the-art equipment, like optical sorting machines. In addition, a proprietary grading system, a pioneering auction platform and an active marketing presence have all contributed to Gemfields playing a significant role in the rise of African gemstones. Underlying this achievement has been the strong belief that coloured gemstones should create a positive impact for the country and community from which they originate.

Responsible mining for Gemfields means implementing industry-leading policies and practices across operations, transparency in its auction sales process, an active role in working groups to modernise the sector, projects to improve health, education and livelihoods for the communities around its mines and conservation efforts (#conservationgemstones) to protect Africa’s great wildlife and biodiversity.

Gemfields Foundation is the charitable arm of Gemfields, through which donors can contribute funding to directly support community and conservation projects in Africa, magnifying the scale of the work already carried out by Gemfields itself.

Fabergé – an iconic name with an exceptional heritage – is a member of the Gemfields Group. The beauty of Fabergé’s designs and craftsmanship helps to raise consumer awareness of responsibly mined coloured gemstones.

As well as supplying a significant share of the world’s rough rubies and emeralds, Gemfields initiates activations to build desire for coloured gemstones: for example, collaborations with international jewellery brands and other creative partners. Often surprising, unexpected and unique, these collaborations are chosen to promote consumer awareness and increase the appeal of coloured gemstones, raising their profile, and, in turn, providing greater benefit to their place of origin in Africa.

About SVAR Media Network:

SVAR Media Network, India’s Best Magazine & Media in Jewellery, stands as the Most Followed Jewellery Magazine & Media House in India. Recognized as Asia’s one of the Best Media in Jewellery & one of the World’s Best Jewellery Media, SVAR Media Network sets Unparalleled Standards in the Gems & Jewellery industry. Proudly holding the prestigious ISO 9001:2015 Certification, SVAR Media is the First Media Brand in the Gems & Jewellery industry to achieve this milestone, showcasing its commitment to operational excellence.

Pioneering innovations include the launch of the World’s First AI Anchor in Fashion, Gems & Jewellery with SVARA AI, India’s One of the First Gems & Jewellery Podcast, Asia’s First Meta Verified Media, the World’s Second, India’s 1st Meta Verified Media in the industry. SVAR Media Network is India’s No 1 Digital Media & continues to be the Leading Jewellery Magazine & a Global Leader in Jewellery Media

SVAR Media Network offers a diverse range of services, including: Monthly Magazines, Digital Newsletters, Al-Driven News Bulletins, Social Media Promotions, Website Blogs and Articles, WhatsApp Updates, Podcasts & more…
May 2, 2025
Auction Results: Commercial-Quality Emeralds
Auction Results: Commercial-Quality Emeralds

Gemfields announces the results of an auction comprised of commercial-quality rough emeralds held during the period 11 – 29 April 2025.

Highlights: April 2025 Commercial-Quality Emerald Auction
- Total auction revenues of USD 16.4 million
- 36 lots were offered for sale, of which 32 were sold (89%)
- Average price of USD 6.87 per carat
- The 51 auctions of Kagem gemstones held since July 2009 have generated USD 1,090 million in total revenues
Auction Context

The specific auction mix and the quality of the lots offered at each auction vary in characteristics such as size, colour and clarity on account of variations in mined production and market demand. Therefore, the results of each auction are not always directly comparable.

Commentary from Management

Adrian Banks, Gemfields’ Managing Director of Product & Sales, commented:

“Today’s result marks a notable improvement on the disappointing commercial-quality auction held in September 2024. An increased number of bids and stronger prices across a broad quality-range point to improved sentiment and demand since our experience in Q3 2024. The overall USD per carat realisation has been positively skewed by the withdrawal of a schedule comprising very low-quality material, weighing 112,000 grams and representing 18.5% of the total weight offering. We extend our appreciation to the Kagem team and to the Government of the Republic of Zambia, Kagem’s 25% shareholder.”

Auction Format

The auction lots were made available for private, in-person viewings by customers in Jaipur. Following the viewings, the auctions took place via an online auction platform specifically adapted for Gemfields and which permitted customers from multiple jurisdictions to participate in a sealed bid process.

Source and Repatriation of Emeralds

The rough emeralds sold were extracted by 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.

Auction History Reference

The results of the five most recent commercial-quality Kagem auctions are summarised in the table below (and earlier results are available at www.gemfieldsgroup.com).

About Gemfields

Gemfields is a world-leading responsible miner and marketer of coloured gemstones. Gemfields is the operator and 75% owner of both the Kagem emerald mine in Zambia (believed to be the world’s single largest producing emerald mine) and the Montepuez ruby mine in Mozambique (one of the most significant recently discovered ruby deposits in the world). In addition, Gemfields also holds controlling interests in various other gemstone mining and prospecting licences in Zambia, Mozambique, Ethiopia and Madagascar.

Fabergé and Branding Strategy

Gemfields’ outright ownership of Fabergé – an iconic and prestigious brand of exceptional heritage – enables Gemfields to optimise positioning, perception and consumer awareness of coloured gemstones through Fabergé designs, advancing the wider group’s “mine and market” vision.

Auction Innovation

Gemfields has developed a proprietary grading system and a pioneering auction platform to provide a consistent supply of coloured gemstones to downstream markets, a key component of Gemfields’ business model that has played an important role in the growth of the global coloured gemstone sector.

About SVAR Media Network:

SVAR Media Network, India’s Best Magazine & Media in Jewellery, stands as the Most Followed Jewellery Magazine & Media House in India. Recognized as Asia’s one of the Best Media in Jewellery & one of the World’s Best Jewellery Media, SVAR Media Network sets Unparalleled Standards in the Gems & Jewellery industry. Proudly holding the prestigious ISO 9001:2015 Certification, SVAR Media is the First Media Brand in the Gems & Jewellery industry to achieve this milestone, showcasing its commitment to operational excellence.

Pioneering innovations include the launch of the World’s First AI Anchor in Fashion, Gems & Jewellery with SVARA AI, India’s One of the First Gems & Jewellery Podcast, Asia’s First Meta Verified Media, the World’s Second, India’s 1st Meta Verified Media in the industry. SVAR Media Network is India’s No 1 Digital Media & continues to be the Leading Jewellery Magazine & a Global Leader in Jewellery Media

SVAR Media Network offers a diverse range of services, including: Monthly Magazines, Digital Newsletters, Al-Driven News Bulletins, Social Media Promotions, Website Blogs and Articles, WhatsApp Updates, Podcasts & more…
April 30, 2025
Gemfields’ Successful MRM Ruby Auction Results
Gemfields’ Successful MRM Ruby Auction Results

Gemfields is pleased to announce the results of a mini auction of Mozambican rough rubies from Montepuez Ruby Mining (“MRM”) held in Bangkok, Thailand from 21 to 25 April 2025

Highlights – Mini MRM Ruby Auction – April 2025
- Auction revenues of USD 7.2 million
- 20 of the 21 lots on offer were sold
- 72.8% of the 250,004 carats on offer were sold
- Average sales price of USD 39.47 per carat
Adrian Banks’ Comments on Auction Success

Adrian Banks, Gemfields’ Managing Director of Product & Sales, commented: “We extend our gratitude to all participants who contributed to making this five-day auction both successful and enjoyable. This auction can be described as a hybrid offering, featuring both primary and secondary rubies. Over 90% of the secondary material was under 0.2 grams (1 carat), presented across 13 lots and spanning a broad range of qualities. The primary rubies offered were of commercial quality, predominantly in smaller sizes. Only one lot remained unsold – a 13.6kg parcel of ‘L2’ quality, weighing between 0.05 and 0.09 grams (0.25-0.45 carats), expected to yield small, mixed-colour sapphires after cutting and polishing. This parcel, the largest by weight, accounted for 27.2% of the total weight offered. The auction saw strong attendance and robust demand, providing a timely affirmation of the state of the ruby market against the backdrop of tariff-induced uncertainty in global markets. We extend our thanks and congratulations to the Government of Mozambique and our partners at Mwiriti, both of whom attended, on achieving very healthy results for material of this size and quality.”

Auction Proceeds and Royalty Payment

The gemstones were extracted in Mozambique by Montepuez Ruby Mining Limitada (“MRM”), which is 75% owned by Gemfields and 25% by Mwiriti Limitada. The proceeds of this auction will be fully repatriated to MRM in Mozambique, with all royalties due to the Government of the Republic of Mozambique being paid on the full sales prices achieved at the auction.

About Gemfields and Its Global Operations

Gemfields is a world-leading responsible miner and marketer of coloured gemstones. Gemfields is the operator and 75% owner of both the Kagem emerald mine in Zambia (believed to be the world’s single largest producing emerald mine) and the Montepuez ruby mine in Mozambique (one of the most significant recently discovered ruby deposits in the world). In addition, Gemfields also holds controlling interests in various other gemstone mining and prospecting licences in Zambia, Mozambique, Ethiopia, and Madagascar.

Gemfields’ Strategic Vision with Fabergé

Gemfields’ outright ownership of Fabergé – an iconic and prestigious brand of exceptional heritage – enables Gemfields to optimise positioning, perception, and consumer awareness of coloured gemstones through Fabergé designs, advancing the wider group’s “mine and market” vision.

Gemfields’ Grading System and Auction Platform

Gemfields has developed a proprietary grading system and a pioneering auction platform to provide a consistent supply of coloured gemstones to downstream markets, a key component of Gemfields’ business model that has played an important role in the growth of the global coloured gemstone sector.

About SVAR Media Network:

SVAR Media Network, India’s Best Magazine & Media in Jewellery, stands as the Most Followed Jewellery Magazine & Media House in India. Recognized as Asia’s one of the Best Media in Jewellery & one of the World’s Best Jewellery Media, SVAR Media Network sets Unparalleled Standards in the Gems & Jewellery industry. Proudly holding the prestigious ISO 9001:2015 Certification, SVAR Media is the First Media Brand in the Gems & Jewellery industry to achieve this milestone, showcasing its commitment to operational excellence.

Pioneering innovations include the launch of the World’s First AI Anchor in Fashion, Gems & Jewellery with SVARA AI, India’s One of the First Gems & Jewellery Podcast, Asia’s First Meta Verified Media, the World’s Second, India’s 1st Meta Verified Media in the industry. SVAR Media Network is India’s No 1 Digital Media & continues to be the Leading Jewellery Magazine & a Global Leader in Jewellery Media

SVAR Media Network offers a diverse range of services, including: Monthly Magazines, Digital Newsletters, Al-Driven News Bulletins, Social Media Promotions, Website Blogs and Articles, WhatsApp Updates, Podcasts & more…
April 28, 2025