Gemfields Confirms Completion of Fabergé Sale

Share code on JSE:GML (General Segment of JSE Main Board) / AIM:GEM

("Gemfields" or the "Group" or the "Company")

Gemfields Confirms Completion of the Sale of Fabergé Limited

LONDON, 1 SEPTEMBER 2025

Further to the Company's announcement on 11 August 2025, Gemfields confirms that it completed the sale of Fabergé Limited ("Fabergé") to SMG Capital LLC (the "Buyer") on 29 August 2025.

Gemfields is a world-leading responsible miner and marketer of coloured gemstones. Gemfields is the operator and 75% owner of both the Kagem emerald mine in Zambia (believed to be the world's single largest producing emerald mine) and Montepuez Ruby Mining in Mozambique (one of the most significant recently discovered ruby deposits in the world). In addition, Gemfields also holds controlling interests in various other gemstone mining and prospecting licences in Zambia, Mozambique, Ethiopia and Madagascar. Gemfields has developed a proprietary grading system and a pioneering auction platform to provide a consistent supply of coloured gemstones to downstream markets, a key component of Gemfields' business model that has played an important role in the growth of the global coloured gemstone sector.

GEMFIELDS

KAGEM MINING LIMITED LINKEDIN

MONTEPUEZ RUBY MINING LINKEDIN