Gemfields generates $23.1m in auction, warns of Montepuez issues
30th Jun 2026 12:17
(Sharecast News) - Gemfields said on Tuesday that its first Trade Select ruby auction generated $23.1m, although it warned that lower grades, plant commissioning issues, security disruption and delayed VAT refunds would weigh on Montepuez Ruby Mining for at least the rest of 2026.
Read moreLatest Gemfields emerald auction generates $26.8m
22nd May 2026 14:10
(Sharecast News) - Gemfields said on Friday that its latest auction of higher-quality emeralds generated $26.8m, with demand described as stable but cautious amid geopolitical and macroeconomic uncertainty.
Read moreDelayed Gemfields ruby auction generates $53m revenue
23rd Feb 2026 12:37
(Sharecast News) - Gemfields announced on Monday that it generated $53m in revenue from its latest mixed-quality rough ruby auction, with strong demand for higher-grade stones offset by softer bidding for certain categories amid weaker Chinese demand and increased illegal supply.
Read moreGemfields records full-year auction revenue of $128.5m
30th Jan 2026 10:29
(Sharecast News) - Gemfields Group reported auction revenues of $128.5m for the year ended 31 December on Friday, and said it had completed the funding of a major expansion project at its Montepuez ruby operation in Mozambique.
Read moreGemfields swings to first-half loss
26th Sep 2025 09:29
(Sharecast News) - Gemfields Group slumped on Friday as it confirmed it swung to a loss in the first half, pointing to production difficulties at both of its mines.
Read moreGemfields upbeat on improved auction results
12th Sep 2025 16:51
(Sharecast News) - Gemfields announced on Friday that it had raised $32m from a sale of higher-quality rough emeralds, marking a strong return to the market after mining operations at its Kagem mine in Zambia were temporarily suspended earlier in the year.
Read moreLondon close: Stocks mixed ahead of crucial jobs data
11th Aug 2025 17:26
(Sharecast News) - London stocks ended Monday mixed as optimism over a potential resolution to the Ukraine conflict was tempered by caution ahead of key economic data later this week.
Read moreGemfields to sell Faberge to SMG Capital for $50m
11th Aug 2025 07:52
(Sharecast News) - Gemfields said on Monday that it has agreed to sell iconic luxury brand Fabergé to SMG Capital LLC for $50m.
Read moreGemfields says new plant to produce first rubies by August
20th Jun 2025 09:49
(Sharecast News) - London-listed Gemfields Group said on Friday that a second plant at its Mozambique mine was on track to start producing rubies later this summer, despite delays.
Read moreGemfields generates $31.7m revenue from latest auction
16th Jun 2025 12:52
(Sharecast News) - Gemfields said in an update on Monday that it generated $31.7m in revenue from its latest auction of mixed-quality rough rubies, held between 2 June and 13 June.
Read moreGemfields shares slump as FY revenues fall
11th Apr 2025 09:48
(Sharecast News) - Shares in mining outfit Gemfields Group slumped early on Friday after the firm posted a decline in FY revenues and warned of operational challenges in Africa.
Read moreGemfields celebrates Zambia's suspension of hefty emerald export duty
19th Feb 2025 09:43
(Sharecast News) - Gemstone miner Gemfields has hailed the lifting of a 15% export duty that applied to emeralds from Zambia, the world's largest emerald exporter.
Read moreGemfields reports progress in disrupted fourth quarter
31st Jan 2025 11:59
(Sharecast News) - Gemfields reported total auction revenue of $196m for 2024 on Friday, as it continued to invest in the expansion of its Montepuez Ruby Mine (MRM) in Mozambique.
Read moreGemfields shares slide as Zambia reintroduces gemstone export duty
8th Jan 2025 09:19
(Sharecast News) - Gemfields shares were in the red on Wednesday morning, after the company confirmed that the Zambian government had reinstated a 15% export duty on precious gemstones, effective from 1 January.
Read moreLondon close: Stocks mixed in quiet post-Christmas trade
27th Dec 2024 14:38
(Sharecast News) - London markets closed on a mixed note Friday in subdued trading, as the ongoing holiday period kept activity light with little news to influence sentiment.
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