REG - Gemfields Group Ltd - Auction Results - MRM Rubies

GemfieldsAnnouncement

Mon 07:00

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RNS Number : 3663G  Gemfields Group Limited  28 April 2025

Incorporated in Guernsey. Guernsey registration number: 47656

South African external company registration number: 2009/012636/10

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

ISIN: GG00BG0KTL52   |   LEI: 21380017GAVXTCYS5R31

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

 

Auction Results - MRM Rubies

LONDON, 28 APRIL 2025

Gemfields is pleased to announce the results of a mini auction of Mozambican
rough rubies from Montepuez Ruby Mining ("MRM") held in Bangkok, Thailand from
21 to 25 April 2025.

Highlights - Mini MRM Ruby Auction - April 2025

•     Auction revenues of USD 7.2 million

•     20 of the 21 lots on offer were sold

•     72.8% of the 250,004 carats on offer were sold

•     Average sales price of USD 39.47 per carat

Adrian Banks, Gemfields' Managing Director of Product & Sales, commented:

"We extend our gratitude to all participants who contributed to making this
five-day auction both successful and enjoyable. This auction can be described
as a hybrid offering, featuring both primary and secondary rubies. Over 90% of
the secondary material was under 0.2 grams (1 carat), presented across 13 lots
and spanning a broad range of qualities. The primary rubies offered were of
commercial quality, predominantly in smaller sizes.

Only one lot remained unsold - a 13.6kg parcel of 'L2' quality, weighing
between 0.05 and 0.09 grams (0.25-0.45 carats), expected to yield small,
mixed-colour sapphires after cutting and polishing. This parcel, the largest
by weight, accounted for 27.2% of the total weight offered.

The auction saw strong attendance and robust demand, providing a timely
affirmation of the state of the ruby market against the backdrop of
tariff-induced uncertainty in global markets. We extend our thanks and
congratulations to the Government of Mozambique and our partners at Mwiriti,
both of whom attended, on achieving very healthy results for material of this
size and quality."

The gemstones were extracted in Mozambique by Montepuez Ruby Mining Limitada
("MRM") which is 75% owned by Gemfields and 25% by Mwiriti Limitada. The
proceeds of this auction will be fully repatriated to MRM in Mozambique, with
all royalties due to the Government of the Republic of Mozambique being paid
on the full sales prices achieved at the auction.

 

-ENDS-

 

 

 

Further information on Gemfields Group Limited can be found at:

 GEMFIELDSGROUP.COM (http://WWW.GEMFIELDSGROUP.COM)

 

To join our investor mailing list, please contact us on:
ir@gemfields.com (mailto:ir@gemfields.com)

 

 

This announcement contains inside information for the purposes of Article 7 of
the Market Abuse Regulation (EU) no. 596/2014 which forms part of domestic UK
law pursuant to the European Union (withdrawal) act 2018 ("MAR").

 

 

ENQUIRIES

 

 GEMFIELDS                                      Sean Gilbertson / David Lovett / Ian Hughes

                                                ir@gemfields.com (mailto:ir@gemfields.com)

T:  +44(0) 20 7518 3400
 SPONSOR (JSE)                                  Investec Bank Limited
 NOMINATED ADVISER                              Panmure Liberum

(AIM) & BROKER
Scott Mathieson / Amrit Mahbubani / John More
                                                T: +44(0) 20 3100 2222
 PRESS ENQUIRES, GEMFIELDS HEAD OFFICE, LONDON  Helena Choudhury / Albertina Namburete

                                                helena.choudhury@gemfields.com (mailto:helena.choudhury@gemfields.com) /
                                                albertina.namburete@gemfields.com (mailto:albertina.namburete@gemfields.com)

 

 ADDITIONAL INFORMATION ON GEMFIELDS

 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 the Montepuez ruby mine 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' outright ownership of Fabergé - an iconic and prestigious brand of
 exceptional heritage - enables Gemfields to optimise positioning, perception
 and consumer awareness of coloured gemstones through Fabergé designs,
 advancing the wider group's "mine and market" vision.

 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

GEMFIELDS.COM (https://gemfields.com/) (https://gemfields.com/) | INVESTORS
(https://www.gemfieldsgroup.com/) (https://www.gemfieldsgroup.com/)
|FOUNDATION (https://www.gemfieldsfoundation.org/)

INSTAGRAM (https://www.instagram.com/gemfields/)
(https://www.instagram.com/gemfields/) | FACEBOOK
(https://www.facebook.com/Gemfields/) (https://www.facebook.com/Gemfields/) |
X (https://x.com/GemfieldsLtd?lang=en) | YOUTUBE
(https://www.youtube.com/channel/UCArCE0JFtakTP-tHq6v0KVg)

 

FABERGÉ

FABERGÉ.COM (https://www.faberge.com/) | INSTAGRAM
(https://www.instagram.com/officialfaberge/)
(https://www.instagram.com/officialfaberge/) | FACEBOOK
(https://www.facebook.com/OfficialFaberge)
(https://www.facebook.com/OfficialFaberge) | X (https://x.com/OfficialFaberge)
(https://x.com/OfficialFaberge) | YOUTUBE
(https://www.youtube.com/user/officialfaberge)

 

KAGEM MINING LIMITED LINKEDIN
(https://www.linkedin.com/company/kagem-mining-ltd)

MONTEPUEZ RUBY MINING LINKEDIN
(https://www.linkedin.com/company/montepuez-ruby-mining)

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