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Gemfields Group

Full company profile

uuid0004oh3

Namestring
Gemfields Group
Legal namestring
Gemfields Group Limited
Websiteurl
gemfieldsgroup.com
Company typeenum
Public
Founded yearint
2011
Descriptiontext

Gemfields Group Limited is a London-listed (LSE:GEM) public mining company that operates two of the world's most significant colored gemstone mines: the Kagem emerald mine in Zambia and the Montepuez ruby mine in Mozambique. The company extracts rough emeralds and rubies and markets them through periodic, structured auction events to enterprise buyers, primarily luxury jewelry manufacturers and high-end gemstone traders, with a secondary segment of investment-grade gemstone investors and collectors. Its core go-to-market is auction-based field sales rather than contracted distribution, and pricing is determined at auction based on quality, size, and demand rather than published price lists. The company historically held the Fabergé luxury jewelry brand as a downstream vertical, but divested it in August 2025 for $50 million to SMG Capital as part of a defensive restructuring.

The business model is concentrated in a single revenue stream — rough gemstone sales — with no recurring software, licensing, or subscription component. Distribution is global in reach but executed through a narrow buyer base participating in scheduled auction events. Gemfields differentiates on ethical sourcing, responsible-mining certifications, and proprietary gemstone grading, but has limited technological differentiation: the technology footprint centers on traditional mining operations and manual grading expertise rather than AI-driven geological modeling or automated sorting. Customer segmentation is horizontal, spanning jewelry manufacturing and collector/investor use cases.

FY2025 results underscore acute operational and financial stress: revenue declined 32% to $135.1 million, EBITDA collapsed 85% to approximately $2.4 million, and the company guided to a full-year loss driven by weak gemstone prices, project delays, and operational disruptions including illegal mining and geopolitical factors. The company raised $30 million from Assore and Rational Expectations in June 2025 to manage liquidity, and shareholders at the June 2026 AGM rejected a share-issuance resolution, limiting future dilutive funding optionality. Headcount is 101–250, and the Mozambique government's new mining law mandating a 15% free-carried state equity stake adds structural risk to Montepuez economics.

Short descriptiontext

Gemfields Group is a public colored gemstone miner operating the Kagem emerald mine in Zambia and the Montepuez ruby mine in Mozambique, selling rough emeralds and rubies via auction events to global luxury jewelry manufacturers and gemstone traders.

Operating statusenum
Operating
Ownership categoryenum
Headcount rangeband
101–250
akta.pro rankint
HeadquartersSt. Peter Port
HQ citystring
St. Peter Port
Markets served

Serves global market

Offices1 record

Each record includes

City, Country, Type, Description, Source

Keyword5 values
colored gemstone mining, emerald production, ruby mining, rough gemstone auctions, responsible mining
Industry2 codes
1Diamond/Gemstone Auction Houses & Tender Platforms
CodeCRAKAJAIPrimaryYes
2Rough Gemstone Trading & Brokerage
CodeCRAKAJAEPrimaryNo
NAICS code2 codes
  • Nonmetallic Mineral Mining and Quarrying2123
  • Mining (except Oil and Gas)212
SIC code2 codes
  • Wholesale-Jewelry, Watches, Precious Stones & Metals5094
  • Mining & Quarrying Of Nonmetallic Minerals (No Fuels)1400
Product category
Colored Gemstone Mining
Social media profiles1 record
GTM motion1 record

Each record includes

Type, Description, Source

Revenue model1 record
1Gemstone Sales
TypeOne Time License
Description

Gemfields generates revenue primarily through mining and selling colored gemstones (emeralds and rubies) via auction events. Revenue is derived from the sale of extracted gemstones to jewelry manufacturers and luxury goods companies.

mining.com
Marketing channels1 record

Each record includes

Title, Type, Stage, Description, Source

Distribution channels1 record

Each record includes

Title, Type, Scope, Target buyer, Description, Source

Cost components4 values
Operations, Supply Chain, Personnel, Infrastructure
GTM typeB2B
B2B
Offering typeHardware or Manufacturing
Hardware or Manufacturing
Core offering1 text field

Gemfields Group is a mining and marketing company that extracts and sells rough colored gemstones — primarily emeralds from the Kagem mine in Zambia and rubies from the Montepuez mine in Mozambique. Rough stones are sold through proprietary auction events to jewelry manufacturers and luxury goods companies, with grading, authentication, and responsible-sourcing certification embedded in the offering.

Differentiator
Functional benefit
Problem solved
Product overview1 text field

Gemfields Group is a mining company specializing in the exploration, mining, and marketing of colored gemstones, primarily emeralds and rubies. The company operates two major mining assets: the Kagem emerald mine in Zambia and the Montepuez ruby mine in Mozambique. Gemfields historically included the Fabergé luxury jewelry brand, which was sold to SMG Capital in August 2025. The company conducts auctions of rough colored gemstones and focuses on responsible sourcing practices in the colored gemstone industry.

Product and service3 records
1Kagem Emeralds (Rough)
CategoryColored gemstone mining - emeralds
2Montepuez Rubies (Rough)
CategoryColored gemstone mining - rubies
3Gemfields Colored Gemstone Auctions
CategoryAuction-based gemstone sales platform
Scale indicator5 records

Each record includes

Type, Value, Description, Source

Partnership1 partner
1SMG Capital
Strategic tierSignificantTypeStrategic or Co-development PartnerAnnounced on2025-08-11
Description

Gemfields sold its Fabergé subsidiary to SMG Capital, a US investment firm controlled by Sergei Mosunov, for $50 million. The deal concluded on August 28, 2025, with part of the payment through royalty arrangements based on Fabergé's revenue. This sale ended Gemfields' strategic review of the luxury jewelry brand.

Recent move5 records

Each record includes

Date, Type, Title, Description, Source

Expansion highlight3 records

Each record includes

Type, Description

Market position
Strengths4 records

Each record includes

Headline, Details, Source

Competitive moat4 records

Each record includes

Type, Details

Key risks6 records

Each record includes

Headline, Details, Source

Key highlights6 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Segment2 records

Each record includes

Title, Type, Primary, Description, Pain point addressed, Use case, Source

Ideal customer profile2 records

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
No
API detail
Has APIbool
No

Docs URL, Description

AI maturity
App detail

Has app

Core technology
Revenue estimate
Valuation estimate
Number of profiles
Profiles1 record

Each record includes

Name, Designation, Designation category, Overview, Profile commentary, Source

Subsidiaries3 records

Each record includes

Name, Acquired on, Relationship type, Type, Business focus

No data
Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds1 record

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors2 records

Each record includes

Name, Type, Date of entry, Rounds participated, Website

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment

Each record includes

Name, Round, Announced date, Lead investor, Website, News

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Gemfields Group

Colored Gemstone Mininggemfieldsgroup.com

Gemfields Group is a public colored gemstone miner operating the Kagem emerald mine in Zambia and the Montepuez ruby mine in Mozambique, selling rough emeralds and rubies via auction events to global luxury jewelry manufacturers and gemstone traders.

What Gemfields Group does

Gemfields Group Limited is a London-listed (LSE:GEM) public mining company that operates two of the world's most significant colored gemstone mines: the Kagem emerald mine in Zambia and the Montepuez ruby mine in Mozambique. The company extracts rough emeralds and rubies and markets them through periodic, structured auction events to enterprise buyers, primarily luxury jewelry manufacturers and high-end gemstone traders, with a secondary segment of investment-grade gemstone investors and collectors. Its core go-to-market is auction-based field sales rather than contracted distribution, and pricing is determined at auction based on quality, size, and demand rather than published price lists. The company historically held the Fabergé luxury jewelry brand as a downstream vertical, but divested it in August 2025 for $50 million to SMG Capital as part of a defensive restructuring.

The business model is concentrated in a single revenue stream — rough gemstone sales — with no recurring software, licensing, or subscription component. Distribution is global in reach but executed through a narrow buyer base participating in scheduled auction events. Gemfields differentiates on ethical sourcing, responsible-mining certifications, and proprietary gemstone grading, but has limited technological differentiation: the technology footprint centers on traditional mining operations and manual grading expertise rather than AI-driven geological modeling or automated sorting. Customer segmentation is horizontal, spanning jewelry manufacturing and collector/investor use cases.

FY2025 results underscore acute operational and financial stress: revenue declined 32% to $135.1 million, EBITDA collapsed 85% to approximately $2.4 million, and the company guided to a full-year loss driven by weak gemstone prices, project delays, and operational disruptions including illegal mining and geopolitical factors. The company raised $30 million from Assore and Rational Expectations in June 2025 to manage liquidity, and shareholders at the June 2026 AGM rejected a share-issuance resolution, limiting future dilutive funding optionality. Headcount is 101–250, and the Mozambique government's new mining law mandating a 15% free-carried state equity stake adds structural risk to Montepuez economics.

Gemfields Group firmographics

Firmographics
Name
Gemfields Group
Legal name
Gemfields Group Limited
Website
https://gemfieldsgroup.com
Company type
Public
Founded year
2011
Operating status
Operating
Headcount range
101–250 employees
Short description
Gemfields Group is a public colored gemstone miner operating the Kagem emerald mine in Zambia and the Montepuez ruby mine in Mozambique, selling rough emeralds and rubies via auction events to global luxury jewelry manufacturers and gemstone traders.
Ownership category
akta.pro rank

Gemfields Group industry classification

Industry
Product category
Colored Gemstone Mining
NAICS
Nonmetallic Mineral Mining and Quarrying (2123), Mining (except Oil and Gas) (212)
SIC
Wholesale-Jewelry, Watches, Precious Stones & Metals (5094), Mining & Quarrying Of Nonmetallic Minerals (No Fuels) (1400)
akta.pro primary industry
Diamond/Gemstone Auction Houses & Tender Platforms (CRAKAJAI)
akta.pro secondary industry
Rough Gemstone Trading & Brokerage (CRAKAJAE)

Keywords

  • Colored gemstone mining
  • Emerald production
  • Ruby mining
  • Rough gemstone auctions
  • Responsible mining

Where Gemfields Group is headquartered

Location

Headquarters

HQ city
St. Peter Port

Offices1 record

Markets served

Gemfields Group business model

Business model
GTM type
B2B
Offering type
Hardware or Manufacturing
Cost components
Operations, Supply Chain, Personnel, Infrastructure

Revenue model

  1. Gemstone Sales: Gemfields generates revenue primarily through mining and selling colored gemstones (emeralds and rubies) via auction events. Revenue is derived from the sale of extracted gemstones to jewelry manufacturers and luxury goods companies.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels1 record

Gemfields Group product offering

Product offering

Core offering

Gemfields Group is a mining and marketing company that extracts and sells rough colored gemstones — primarily emeralds from the Kagem mine in Zambia and rubies from the Montepuez mine in Mozambique. Rough stones are sold through proprietary auction events to jewelry manufacturers and luxury goods companies, with grading, authentication, and responsible-sourcing certification embedded in the offering.

Product overview

Gemfields Group is a mining company specializing in the exploration, mining, and marketing of colored gemstones, primarily emeralds and rubies. The company operates two major mining assets: the Kagem emerald mine in Zambia and the Montepuez ruby mine in Mozambique. Gemfields historically included the Fabergé luxury jewelry brand, which was sold to SMG Capital in August 2025. The company conducts auctions of rough colored gemstones and focuses on responsible sourcing practices in the colored gemstone industry.

Differentiator

Problem solved

Functional benefit

Products and services

  • Kagem Emeralds (Rough)
  • Montepuez Rubies (Rough)
  • Gemfields Colored Gemstone Auctions

Companies that use Gemfields Group

Customer profile

Segments2 records

Ideal customer profiles2 records

Gemfields Group technology and API

Technology

Technology focussed No

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

Gemfields Group partnerships and signals

Strategic signal

Partnerships

One partnership is on record.

  • SMG CapitalsignificantStrategic or Co-development Partner · 11 August 2025Gemfields sold its Fabergé subsidiary to SMG Capital, a US investment firm controlled by Sergei Mosunov, for $50 million. The deal concluded on August 28, 2025, with part of the payment through royalty arrangements based on Fabergé's revenue. This sale ended Gemfields' strategic review of the luxury jewelry brand.

Scale indicators5 records

Recent moves5 records

Expansion highlights3 records

Gemfields Group competitors and assessment

Company assessment

Market position

Strengths4 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

Gemfields Group social profiles

Digital presence

Gemfields Group financial estimates

Financial estimate

Revenue estimate

Valuation estimate

Gemfields Group leadership team

Management profile

Number of profiles

Profiles1 record

Gemfields Group subsidiaries and ownership

Company hierarchy

Subsidiaries3 records

Gemfields Group funding detail

Funding detail

Funding overview

Funding rounds1 record

Investors2 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

Gemfields Group M&A and investment

M&A and investment

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Gemfields Group

What does Gemfields Group do?

Gemfields Group is a mining and marketing company that extracts and sells rough colored gemstones — primarily emeralds from the Kagem mine in Zambia and rubies from the Montepuez mine in Mozambique. Rough stones are sold through proprietary auction events to jewelry manufacturers and luxury goods companies, with grading, authentication, and responsible-sourcing certification embedded in the offering.

Is Gemfields Group a public or private company?

Gemfields Group is a public company. It is classified as public and is currently operating.

When was Gemfields Group founded?

Gemfields Group was founded in 2011. It employs 101 to 250 people.

Where is Gemfields Group based?

Gemfields Group is headquartered in St. Peter Port.

How does Gemfields Group make money?

One revenue line is on record: gemstone Sales.

Does Gemfields Group have an API?

No public API is recorded for Gemfields Group.

What industry is Gemfields Group in?

Gemfields Group's product category is Colored Gemstone Mining. Its primary akta.pro industry code is CRAKAJAI, Diamond/Gemstone Auction Houses & Tender Platforms, with a secondary code of CRAKAJAE, Rough Gemstone Trading & Brokerage. Its NAICS code is 2123 and its SIC code is 5094.

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Live signals
BusinessLIVEGemfields sets new target for Montepuez ruby mine in MozambiqueGemfields set a new target for its Montepuez Ruby Mining operation in Mozambique to process 11.39 million tonnes of ore over three years to June 2029. The mine processed 1.39 million tonnes in 2025 and 1.21 million in the first half of 2026, while premium ruby production fell 13%. The target is part of performance measures linked to long-term incentive awards.Seeking AlphaGemfields Group Limited (PLLHF) Q2 2026 Earnings Call TranscriptGemfields reported a loss for the six months ended June 30, 2026, driven by MRM impairment and below-expectation premium review recoveries. PP2 is largely operational, running at and above 400 tonnes per hour, and Ruby recoveries have improved. Kagem production remained strong with good emerald recoveries.MINING.COMGemfields takes $125M hit as Montepuez grades disappointGemfields reported a $73.5 million loss for the six months to June after taking a $125.2 million impairment on its Montepuez ruby mine in Mozambique, where it recovered fewer high-quality rubies than expected. The company also increased an impairment on the mine from $35 million to $65 million, citing a further $30 million adjustment. Management is focusing on sustaining recent improvements in ruby recoveries and commissioning the second processing plant.Mining WeeklyGemfields expects interim net loss to widen to $73m, but recoveries improvingGemfields expects its interim net loss to widen to $73.5 million for the six months to June 30, driven by a $125.2 million impairment charge at Montepuez Ruby Mining. Auction revenues were $102.8 million, higher than the prior period, and the company sees early signs of improving premium-grade recoveries.MINING.COMGemfields emerald auction brings $29.6M reprieveGemfields raised $29.6 million from its first commercial-quality emerald auction in nine months, selling all 44 lots from its Kagem mine in Zambia. Shares fell 13.5% to 2.51p, valuing the company at £1.07 billion. The result provides cash relief after production disruptions and strained liquidity.Mining WeeklyGemfields’ latest rough emerald auction generates $29.6mGemfields' rough emerald auction from its Kagem mine in Zambia generated $29.6 million, selling all 44 lots. The average realized price was $9.72 per carat, with intense viewing in Jaipur. The company cites strong demand and solid production performance.Markets DailyGemfields Group (LON:GEM) Sets New 1-Year Low – What’s Next?Gemfields Group Limited's shares fell to a new 52-week low of GBX 2.50 on Tuesday, trading at GBX 3.20 with 31,527 shares exchanged, after closing at GBX 2.85. The company's market capitalisation is £55.18 million, with a debt-to-equity ratio of 31.57 and a negative PE of -1.23.Investing.comGemfields shareholders reject share issuance resolution at AGM By Investing.comGemfields Group Limited held its Annual General Meeting on June 23, 2026, in London, where shareholders rejected Special Resolution 1 seeking general authority to issue shares for cash and waive pre-emption rights, with only 39.93% supporting the measure against the required 75% threshold. All other resolutions passed comfortably, including ordinary resolutions supported by over 99% of votes and a Long Term Incentive Plan amendment approved by 89.03% of shareholders. The meeting was quorate with 68.64% of total voting shares represented.Defense WorldGemfields Group (LON:GEM) Share Price Crosses Below 200-Day Moving Average – Here’s WhyGemfields Group shares crossed below their 200-day moving average on Friday, trading at GBX 4.51 with a volume of 300 shares. Panmure Gordon reaffirmed a "buy" rating with a GBX 13 price target, suggesting significant upside from current levels. The company operates coloured gemstone mining operations in Zambia and Mozambique, among other countries.Seeking AlphaGemfields Group Limited (PLLHF) Q4 2025 Earnings Call TranscriptGemfields Group Limited reported its 2025 full year results showing group revenue of $135 million, down sharply from $199 million in 2024, with EBITDA of $6.25 million and a free cash outflow of $29 million. The company attributed the weak performance to multiple headwinds including civil unrest in Mozambique affecting its MRM ruby mine, a 15% Zambian export duty causing suspension of Kagem emerald mining from January through May, delayed commissioning of its $70 million second processing plant at MRM (now expected Q3 2026), and decreased premium ruby production. The company raised $80 million through a rights issue and Fabergé sale to strengthen its balance sheet, and reported that Q1 2026 ruby revenues have already exceeded all of 2025's $50 million ruby revenue by $3 million.