Gemfields Grou. Share News (GEM)

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

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.

CORRECT: Gemfields posts interim auction revenue of USD145 million

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

IN BRIEF: Gemfields posts third highest emerald auction revenue

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.

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

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

UK shareholder meetings calendar - next 7 days

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

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.

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

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.

Gemfields hails 'remarkable' year as profits shine

(Sharecast News) - Faberge owner Gemfields Group reported record revenues on Friday, as trading continued to recover post pandemic.

Gemfields annual revenue hits record in 2022 on strong gemstone demand

(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.

IN BRIEF: Gemfields unit shuts operations after attack in Mozambique

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%.

IN BRIEF: Gemfields hits new annual auction revenue record

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.

IN BRIEF: Gemfields begins USD10 million share buyback programme

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.

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

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

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

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.

Gemfields operations resume in Mozambique after insurgency attack

(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.