Auction Update

Gemfields plc

("Gemfields" or "the Company")

Auction Update

28 March 2013

Further to the Company's interim results announcement of 4 March 2013 disclosing that the next emerald and beryl auction would be held in March 2013, Gemfields today announces that this auction will now be held in April 2013 in Lusaka, Zambia. 

Enquiries:

Gemfields mark.summers@gemfields.co.uk 

Mark Summers, CFO +44 (0)20 7518 7283

Canaccord Genuity Limited

Nominated Adviser and Joint Broker to Gemfields

Tarica Mpinga / Andrew Chubb +44 (0)20 7523 8000

JP Morgan Cazenove

Joint Broker to Gemfields

Jamie Riddell +44 (0)20 7742 4000

Tavistock Communications

Jos Simson / Emily Fenton / Jessica Fontaine +44 (0)20 7920 3150