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Auction Update

Lusaka Emerald Auction Results

Gemfields is pleased to announce the results of an auction of predominantly commercial quality rough emerald held in Lusaka, Zambia from 30 July – 2 August 2018. The emeralds were extracted by Kagem Mining Ltd in Zambia (“Kagem”, which is 75% owned by Gemfields and 25% by the Industrial Development Corporation of Zambia). The proceeds of this auction will be fully repatriated to Kagem in Zambia, with all royalties due to the Government of the Republic of Zambia being paid on the full sales prices achieved at the auction.

Singapore Ruby Auction Results

Pallinghurst is pleased to announce the results of an auction of rough rubies held by its 100% owned subsidiary, Gemfields Ltd (“Gemfields”) in Singapore from 5 – 9 June 2018. The rough rubies were extracted from the licence held and operated by Montepuez Ruby Mining Limitada (“MRM”), which is 75% owned by Gemfields and 25% by local partner Mwiriti Limitada.

Lusaka Emerald Auction Results

Pallinghurst, which owns 100% of Gemfields Ltd (“Gemfields”), announces the results of an auction of higher quality rough emeralds held in Lusaka, Zambia from 15 – 18 May 2018. The emeralds were extracted by Kagem Mining Ltd in Zambia (“Kagem”, which is 75% owned by Gemfields and 25% by the Industrial Development Corporation of Zambia).

Results – Singapore Rough Ruby Auction

Gemfields plc (AIM: GEM) is pleased to announce the results of its auction of predominantly higher quality rough ruby extracted by Montepuez Ruby Mining Limitada (which is 75% owned by Gemfields and 25% by local partners Mwiriti Limitada) from the Montepuez ruby deposit (“Montepuez”) in Mozambique. The auction was held in Singapore from 16 to 21 June 2015.

Jaipur Auction Results

Gemfields plc (AIM: GEM) is pleased to announce the results of its auction of predominantly lower quality rough ruby and corundum extracted by Montepuez Ruby Mining Limitada (in which Gemfields has a 75% interest) from the Montepuez ruby deposit in Mozambique. The auction was held in Jaipur, India from 17 to 22 April 2015.

Results – Lusaka Rough Emerald, Beryl and Amethyst Auction

Gemfields plc (AIM: GEM) is pleased to announce the results of its auction of predominantly lower quality rough emerald and beryl from the Kagem emerald mine, held in Lusaka, Zambia from 24 to 27 February 2015. The auction also included higher quality amethyst from Kariba Minerals Ltd, in which Gemfields has a 50% interest.

Results – Singapore Rough Ruby Auction

Gemfields plc (AIM: GEM) is pleased to announce the results of its auction of predominantly higher quality rough ruby extracted by Montepuez Ruby Mining Limitada (in which Gemfields has a 75% interest) from the Montepuez ruby deposit in Mozambique. The auction was held in Singapore from 3 to 8 December 2014 and marked Gemfields’ second auction of rough ruby.