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PRESS RELEASE: Gemfields Showcases 36-Carat Ruby and Expands Offering at June 2025 Auction

Gemfields is pleased to announce that it will offer a broader range of secondary-type material at its forthcoming mixed-quality ruby auction in June 2025. The auction will include rubies recovered from a newer section of its Mozambican mine that has not previously been represented at auction in meaningful quantities and with a notable 36-carat ruby forming part of the offering. This section lies within the concession of Montepuez Ruby Mining (MRM), which is situated on one of the most significant recently discovered ruby deposits in the world. MRM is located in the Montepuez district of Cabo Delgado province in Mozambique

PRESS RELEASE: Sale of Fabergé Limited for USD 50 million

Gemfields announces that it has signed an agreement to sell its entire interest in wholly owned Fabergé Limited (“Fabergé”), the iconic luxury brand, to SMG Capital LLC (the “Buyer”), for a total consideration of USD 50 million. Of that sum, USD 45 million is payable to Gemfields by the Buyer on completion of the sale (which is expected on 28 August 2025). The remaining USD 5 million is payable to Gemfields by the Buyer by way of quarterly royalty payments at a rate of 8% of Fabergé’s revenue. The sale is not expected to be subject to regulatory or any

News Briefing: 17 August 2025

A curated edit of this week's national and international jewellery news... Luxury Jeweller Fabergé Sold to Tech Investor in $50 Million Deal The Guardian, 11 August 2025 for BoF: The renowned jeweller known for its imperial Russian Easter eggs, has been sold to technology investor Sergei Mosunov’s SMG Capital for $50 million, as its parent company Gemfields seeks to fund its mining operations. www.businessoffashion.com Luxury jeweller Fabergé sold to tech investor in $50m deal Lauren Almeida, 11 August 2025 for The Guardian: Gemfields, which owns brand, agrees deal with SMG Capital, controlled by Sergei Mosunov. www.theguardian.com Luxury jewellery brand Faberge

PRESS RELEASE: Kagem to recommence focused open-pit mining

Gemfields is pleased to announce that Kagem Mining Limited (“Kagem”), the emerald mine in Zambia which is 75% owned by Gemfields and 25% owned by the Government of the Republic of Zambia through the Industrial Development Corporation of Zambia (“IDC”), will shortly recommence a programme of focused open-pit mining to recover more premium emeralds. As announced on 23 December 2024, alongside other cost cutting measures, Kagem suspended all mining from 1 January 2025 to focus on processing ore from Kagem’s significant ore stockpile utilising the upgraded processing plant. Emerald production from the processing plant in 2025 so far, in terms