Gemfields Group Limited, a leading player in the colored gemstone sector, has initiated a series of cost-cutting measures to address pressing challenges affecting its operations and revenues. The company reported that recent emerald and ruby auctions underperformed due to an oversupply of Zambian emeralds at reduced prices, a decline in premium ruby production, subdued demand […]

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Gemfields Group Limited has announced the appointment of Bruce Cleaver as the new Chair of the Board, effective from 1st July 2024. Cleaver, known for his distinguished leadership and extensive experience in the gemstone mining sector, will be taking over the reins from Martin Tolcher. Cleaver will also become an independent Non-Executive Director and Chair […]

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Gemfields Group announced yesterday that the results of its recent auction of predominantly commercial quality rough emerald held in Lusaka, Zambia from February 18-21, 2020 was in line with prior outcomes, though the fallout of COVID-19 dampened what might otherwise have been a buoyant result. The company said that revenue from the auction was US$ […]

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Gemfields Group Pvt. Ltd.’s Interim Report 2019 for the six months ended June 30, 2019 (H1 2019), reported a revenue of US$ 88.960 million for the period, as compared to a revenue of US$ 102.131 million recorded for the first six months of 2018; thus registering a drop of 13% year-on-year (y-o-y). The Company’s operating […]

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Gemfields is inviting consumers to discover gemstones like never before during the 2019 London Design Festival. The coloured gemstones supplier has partnered with designer Dan Tobin Smith and creative studio The Experience Machine to present a multi-sensory installation called ‘VOID’ at Collins Music Hall, Islington. Visitors will become part of an immersive experience, travelling through […]

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Pallinghurst Resources Ltd, which acquired control of gemstone mining company Gemfields last year, has announced that it will rebrand itself as the Gemfields Group Limited following the approval of the name change resolution at the company’s Annual General Meeting held on June 26, 2018. The new company, which launched a new website – www.gemfieldsgroup.com – […]

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