Browsing: Gemfields Group

Ruby is the fiery birthstone for the month of July – and to mark the arrival of this sultry summer month comes a new collaboration featuring gems from Gemfields’ ruby mine in Mozambique. The Arayian Jewellery x Gemfields capsule collection harnesses the allure and talismanic properties of Mozambican rubies in an array of designs, from elegant dangling ‘chandelier’ earrings to diamond- encrusted ruby rings, classic bracelets and rich statement necklaces

Gemfields announces the results of an auction comprised of mixed-quality rough ruby held during the period 2 – 13 June 2025

Gemfields is pleased to announce the outcome of its Rights Issue and issuance of 556,203,396 New Shares to raise approximately USD30 million by way of a fully underwritten Rights Issue as originally announced on 11 April 2025. The Company received valid acceptances for 458,330,512 New Shares, representing approximately 82.40% of the total number of New Shares that will be issued pursuant to the Rights Issue

Gemfields is pleased to confirm its ‘G-Factor for Natural Resources’’ figures for the Kagem emerald mine in Zambia and the Montepuez ruby mine in Mozambique, which now stand at 20% and 25% respectively for the 10-year period from 2015 through 2024. The ‘G-Factor for Natural Resources’ reveals the percentage of natural resource revenue paid to the government of the country from which the resource is derived.

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

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

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

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.

Gemfields announces the publication of the Company’s audited Annual Report and Accounts for the year ending 31 December 2024 (“2024 Annual Report”). The content of this short form announcement is the responsibility of the board of directors of the Company. Shareholders are advised that this short form announcement represents a summary of the information contained in the Annual Report and does not contain full or complete details of the financial results.

In accordance with paragraph 3.4(b) of the JSE Listings Requirements, Gemfields shareholders are advised that the Company is reasonably certain of its expected financial results for the year ended 31 December 2024.