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(Alliance News) - Gemfields Group Ltd on Friday noted the increase in its share price in London but said it has no price-sensitive information about the company that hasn't been disclosed.
Shares in the London-based coloured gemstones supplier were 7.5% higher at 13.33 pence on Friday in London, while its Johannesburg shares were up 6.6% at ZAR2.60.
Gemfields said its operations in both Mozambique and Zambia remain uninterrupted, and it expects to hold three further gemstone auctions in 2021.
In addition, the company expects to post strong results for the first half of 2021, due to the strength of gemstone auctions in March and April.
Revenue for the interim period is set to be USD95 million, up sharply from USD15 million same period a year prior, and up 8.0% from USD88 million for the first half of 2019.
Gemfields expects to publish its results by the end of September.
By Dayo Laniyan; dayolaniyan@alliancenews.com
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