GJ Town India

  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...