Gemfields has awarded conditional share awards over 51,085,102 shares under its Long Term Incentive Plan 2023, with performance conditions measured through June 2029.
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Gemfields expects a USD 73.5 million net loss for the six months ended 30 June 2026, primarily driven by a USD 125.2 million non-cash impairment at Montepuez Ruby Mining.
Gemfields Group Limited has announced the results of its Annual General Meeting held on 23 June 2026, where shareholders approved all ordinary resolutions and special resolution 2, while special resolution 1 did not secure the required 75% majority.
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
