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Gemfields Grou. (GEM) Share News

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IN BRIEF: Gemfields ruby unit enters into contract to build new plant

7th Aug 2023 08:58

Gemfields Group Ltd - London-headquartered gemstones supplier - Says its subsidiary Montepuez Ruby Mining Ltda has entered into a legally binding contract with Consulmet Ltd to construct an additional processing plant at its ruby mine in Mozambique. Gemfields says the contract is a "lump-sum turnkey contract" based on industry standard International Federation of Consulting Engineers terms, with Montepuez Ruby Mining's payment obligations agreed in rands and equating to about USD70 million. Read More

CORRECT: Gemfields posts interim auction revenue of USD145 million

31st Jul 2023 09:59

(Correcting that revenue also includes ruby auctions and Faberge; not just emerald auctions.) Read More

IN BRIEF: Gemfields posts third highest emerald auction revenue

31st Jul 2023 08:10

Gemfields Group Ltd - London-headquartered gemstones miner and marketer - Records its third highest emerald auction revenue of USD145 million for the six months that ended June 30. Says strong auction revenues and pricing continue, including the highest-ever revenue earned from a Kagem emerald auction last month. Reports net cash of USD62 million plus auction receivables of USD64 million as at June 30. Says it remains in a strong position after paying a USD35 million dividend to shareholders in May. Auction figures have been produced on a monthly basis for Gemfields' 75%-owned Kagem emerald mine, its 75%-owned Montepuez ruby mine and Faberge, the iconic luxury brand. Read More

Gemfields ruby auction revenue up 20% as market fires on all cylinders

21st Jun 2023 08:13

(Alliance News) - Gemfields Group Ltd on Wednesday reported higher revenue at its latest ruby auction as the market fired "on all twelve cylinders". Read More

UK shareholder meetings calendar - next 7 days

20th Jun 2023 15:44

Read More

IN BRIEF: Gemfields gets record revenue and price at emerald auction

2nd Jun 2023 08:36

Gemfields Group Ltd - London-headquartered gemstones miner and marketer - Second auction in 2023 generates record revenue of USD43.7 million. The emerald auction was held from May 15 to Thursday this week. Average realised price of USD165.55 per carat also is a record high for Gemfields. Read More

IN BRIEF: Gemfields records USD21.2 million in revenue at emerald sale

27th Mar 2023 14:05

Gemfields Group Ltd - London-headquartered gemstones supplier - Says its first emerald auction for 2023 generated revenue of USD21.2 million at a sale that was held during March 6 to Friday, down 36% from USD32.9 million on August 31 to September 19, 2022. From March 15 to April 1, 2022, emerald auction recorded USD42.3 million in revenue. Read More

Gemfields annual revenue hits record in 2022 on strong gemstone demand

24th Mar 2023 08:09

(Alliance News) - Gemfields Group Ltd on Friday reported that its performance in 2022 was "remarkable", as the coloured gemstone market returned to normality after the Covid-19 pandemic that hit in 2020. Read More

IN BRIEF: Gemfields unit shuts operations after attack in Mozambique

14th Feb 2023 10:58

Gemfields Group Ltd - London-headquartered gemstones supplier - Says its subsidiary Nairoto Resources Ltda has ceased operations following an insurgency attack in the Cabo Delgado province, Mozambique. Nairoto Resources, in which Gemfields owns 75% stake, starts evacuating its operational employees and contractors. Says there is no impact on operations at Montepuez Ruby Mining Ltda, another Mozambican business in which is also hold 75%. Read More

IN BRIEF: Gemfields hits new annual auction revenue record

31st Jan 2023 09:14

Gemfields Group Ltd - London-headquartered gemstones supplier - Sets new annual auction revenue of USD316 million in 2022, up 32% from USD240 million in 2021. Gemfields owns 75% in Montepuez Ruby Mining Ltda in Mozambique. It also holds 75% of Kagem Mining Ltd in Zambia. The company operates a retail unit Faberge. Read More

IN BRIEF: Gemfields begins USD10 million share buyback programme

20th Dec 2022 10:12

Gemfields Group Ltd - London-headquartered gemstones supplier - Begins USD10 million share buyback programme, after receiving approval from shareholders at its extraordinary general meeting, held late last month. Read More

IN BRIEF: Gemfields ruby auction lifts annual revenue to new record

9th Dec 2022 10:38

Gemfields Group Ltd - London-headquartered gemstones supplier - Generates USD66.8 million in revenue following a ruby auction held in Bangkok from November 21 to Thursday. The rough rubies sold were extracted from the mining licence held and operated by Montepuez Ruby Mining Ltda, which Read More

IN BRIEF: Gemfields records USD30.8 million in revenue after auction

18th Nov 2022 09:26

Gemfields Group Ltd - London-headquartered gemstones supplier - Generates USD30.8 million in revenue after an emerald auction held from October 30 to this past Thursday. At an auction in May, the first one this year, Gemfields reported revenue of USD43.3 million. Read More

Gemfields operations resume in Mozambique after insurgency attack

24th Oct 2022 08:05

(Alliance News) - Gemfields Group Ltd said on Monday its operations in the northern Cabo Delgado province in Mozambique have resumed after militants raided its neighbouring ruby mine last week. Read More

Gemfields shares sink as operations cease after attack in Mozambique

20th Oct 2022 13:06

(Alliance News) - Gemfields Group Ltd said on Thursday it remained vigilant after a neighbouring ruby mine came under attack in the northern Cabo Delgado province in Mozambique this morning. Read More

LONDON MARKET MIDDAY: FTSE lower as UK PM Truss hangs on by thread

20th Oct 2022 12:22

(Alliance News) - Blue-chip European equities struggled to make headway on Thursday, with US Federal Reserve rate hike worries and UK political instability hitting the investment mood. Read More

IN BRIEF: Gemfields CEO takes direct interest in 1.5 million shares

19th Oct 2022 15:17

Gemfields Group Ltd - London-headquartered gemstones supplier - Chief Executive Sean Gilbertson buys 1.5 million shares at 14.32 pence, worth GBP216,995, on Tuesday. Gilbertson previously had held the shares indirectly via a non-controlling interest in Pallinghurst Resources Management LP but, following Tuesday's off-market transaction, now holds them directly in his name. Read More

Gemfields interim profit soars after record-breaking auction takings

29th Sep 2022 08:16

(Alliance News) - Gemfields Group Ltd on Thursday reported its interim profit more than doubled in the first half of 2022, due to record-breaking auction results. Read More

IN BRIEF: Gemfields gets USD4 million from sapphire and ruby auction

27th Sep 2022 08:11

Gemfields Group Ltd - London-headquartered gemstones supplier - Generates USD4.2 million in revenue from auction of predominantly corundum, commercial-quality sapphire and low-quality ruby held last week. The gemstones were extracted by Montepuez Ruby Mining Ltda in Mozambique, which is 75% owned by Gemfields and 25% by Mwiriti Ltda. Read More

REPEAT: Gemfields sees interim profit rise on strong gemstone demand

26th Sep 2022 08:16

(Alliance News) - Gemfields Group Ltd on Monday said it expects its profit to more than double due to robust demand for coloured gemstones, including emeralds and rubies. Read More

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