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IN BRIEF: Gemfields completes USD50 million sale of Faberge

1st Sep 2025 12:57

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.

Current Johannesburg stock price: ZAR1.31

12-month change: down 53%

Current London stock price: 5.57 pence, down 3.1% on Monday

12-month change: down 52%

By Emma Curzon, Alliance News reporter

Comments and questions to [email protected]

Copyright 2025 Alliance News Ltd. All Rights Reserved.


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