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Thu, 16th Apr 2015 14:02
LONDON (Alliance News) - Gemfields PLC Thursday said Chief Operating Officer Devidas Shetty sold 100,000 shares at a price of 59.75 pence per share Wednesday.
Following the sale Shetty has no interest in the company. He continues to participate in the company's share option scheme.
Shares in the gemstone supplier were up 5.4% at 68.0p Thursday.
By Arvind Bhunjun; arvindbhunjun@alliancenews.com; @ArvindBhunjun
Copyright 2015 Alliance News Limited. All Rights Reserved.
(Adds analyst comment, background, share price) By Karen Rebelo Sept 15 (Reuters) - Precious stones miner Gemfields Plc has formed a joint venture to mine sapphires in Sri Lanka as part of its long-held ambition to become the De Beers of the global coloured stones market. Gemfi
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British miner Gemfields has announced it has entered a joint venture with East West Gem Investments (EWGI), as the group seeks to extend its network in Sri Lanka. Gemfields has acquired 75% operating interest in 16 exploration licences, covering a range of minerals, for about $0.4m and under the agr
Read moreSept 15 (Reuters) - Gemfields Plc, which produces about a fifth of the world's rough emeralds, said it had formed a joint venture to explore sapphire and gemstones in Sri Lanka. The London-listed miner said the joint venture with East West Gem Investments Ltd (EWGI), a Jersey-registered com
Read moreGemfields enjoyed a strong final quarter, during which the company held the first ever auction of rubies from its mine in Mozambique, the mining firm announced on Thursday. The auction delivered revenues of $33m (£19.6m) at an average realised price of $18.4 (£10.9) per carat. The company has conf
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