Browsing: Gemfields

Gemfields announces the Company’s financial results for the six months to 30 June 2025 (“2025Interim Results”).

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1 Fabergé meets the criteria to be classified as a disposal group held for sale as at 30 June 2025 under IFRS 5 ‘Noncurrent Assets Held for Sale and Discontinued Operations’. Accordingly, its results are presented as part of discontinued operations and have been removed from financial and operating results. 2Earnings before interest, taxation, depreciation and amortisation, adjusted to exclude one-off impairments made to the Group’s noncurrent assets, inventory, fair value gains or losses on the Group’s non-core equity investments, share based payments, other impairments and provisions. 3 Dividend paid in the period (USD 10 million dividend paid in June 2024 rounded to two decimal points).

Sale of Fabergé Limited for USD 50 million 

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Gemfields announces that it has signed an agreement to sell its entire interest in wholly owned  Fabergé Limited (“Fabergé”), the iconic luxury brand, to SMG Capital LLC (the “Buyer”), for a  total consideration of USD 50 million. Of that sum, USD 45 million is payable to Gemfields by  the Buyer on completion of the sale (which is expected on 28 August 2025). The remaining USD 5 million is payable to Gemfields by the Buyer by way of quarterly royalty payments at a rate of 8%  of Fabergé’s revenue. The sale is not expected to be subject to regulatory or any other approval  processes

Arayian Jewellery x Gemfields: A new collection to celebrate ruby month

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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 partners with PureJewels on emerald themed collection for May

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Emerald is the fitting birthstone of May, the month when green shoots burst forth and fields turn green. Coinciding with this highpoint of spring is a new partnership between Gemfields and PureJewels, a fine jewellery label dedicated to quality, craftsmanship and heritage, with roots in India and Africa. The PureJewels x Gemfields Zariya collection puts emeralds from Gemfields’ Kagem mine in Zambia front and centre in designs inspired by the fresh buds of May.