GJ Town India

  Gemfields auction revenues US$ 60 million in 1H 2025   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 interim results for the six months ended 30 June 2025- 1H.    Sean Gilbertson, CEO of Gemfields, commented, further to our operational update for the six months to 30 June 2025, which was published on 31 July, we are pleased to provide this trading statement ahead of the release of our Interim Results on Friday 26 September 2025.    Gemstone production proved challenging throughout the period at both mines, with Montepuez Ruby Mining (MRM) experiencing a decrease in the production of premium rubies and Kagem Mining (Kagem) having halted mining operations at the end of 2024, operating only the wash plant until May 2025 when two focussed emerald production points were re-opened. As ever, we are reminded that nature is no sup...

  Kagem recommenced focused mining by reopening the Chama pit   Gemfields shareholders are advised that the Company has released operational update to 30 June 2025 and update on strategic review of Fabergé and released an information about its operational results and financial position for the six months to 30 June 2025.  These unaudited figures have been produced on a monthly basis for Gemfields’ 75%-owned Kagem emerald mine, its 75%-owned Montepuez ruby mine and Fabergé, the iconic luxury brand. The full operational results and an excel spreadsheet of Gemfields’ historic figures can be found on the Company’s website.    According to the key takeaways, 1: Total auction revenues of USD 60 million for the first half of year. 2: Net debt position of USD 59.6 million (before auction receivables of USD 16.1 million) at 30 June 2025, which includes proceeds from the fully underwritten USD 30 million Rights Issue completed on 13 June 2025 through the issuance of 5...

Sources Zambian emeralds & Offers to the world map Responsible sourcing of coloured gemstones will receive ever-increasing attention and become progressively more important to consumers, predicts Sean Gilbertson, CEO of Gemfields and Kagem Mining. The observation came as Gemfields contributed new data and insights to the latest results of the Knight Frank Luxury Investment Index, which highlighted coloured gemstones. Gemfields operates the Kagem emerald mine in Lufwanyama in partnership with the government’s Industrial development Corporation (IDC) and is at the forefront of promoting responsibly sourced Zambian emeralds in the international market.  “The swing towards precious coloured gemstones is overwhelming. The past decade has seen the world record prices for an emerald and rubies surpass that of a colourless diamond on a per carat basis. It surely can’t be long before sapphires overtake diamonds, too,” said Mr Gilbertson. “We expect vibrant consum...