IN BRIEF: Gemfields completes USD50 million sale of Faberge
Gemfields Group Ltd - London-based miner and marketer of coloured gemstones - Confirms that it completed the disposal of Faberge Ltd to SMG Capital LLC on Friday. Gemfields previously announced on August 11 that it had agreed to sell its entire interest in Faberge for USD50 million, with USD45 million payable on completion and the remaining USD5 million comprising quarterly revenue payments. Read More