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Additional Information

Market:	AIM
Sector:	Diamonds and Gemstones
EPIC:	GEM
Latest Price:	22.50 (-1.10% )
52-week High:	27.75
52-week Low:	14.13
Market Cap:	72.93M

1 year chart

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Gemfields PLC Full Gemfields PLC profile here

Gemfields is one of the world´s leading coloured gemstone companies. With a strong focus on Zambian emeralds, Gemfields mines, processes and markets both rough and polished gemstones internationally. Gemfields prides itself on its unique ability to bring ethically produced, conflict-free gemstones of certified provenance directly from mine to market on an integrated basis.

In order to support and influence the entire channel from mine to market, Gemfields is in the process of setting up state-of-the-art Cutting and Polishing facilities with cutting-edge technologies and will offer consumers vast quantities of emeralds in calibrated sizes, high precision and special cuts and large collections of Suites, Pairs, matching earring sets. We will also venture into co-branding projects with large, reputed retailers, most notably the company has acquired a worldwide exclusive 15 year licence to use the Fabergé brand name for coloured Gemstones

Morgan Freeman wears Gemfields' Nelson Mandela themed emerald bangle on Oscar Day

Monday, March 08, 2010

Gemstone miner Gemfields (AIM: GEM) said it provided the Zambian emeralds for two bespoke '46664' bangles - named after Nelson Mandela’s Robben Island prison number - designed by Sabine Roemer and worn by Oscar nominee Morgan Freeman and Invictus producer Lori McCreary at the the 82nd Academy Awards over the weekend.

The 46664 bangles were specially designed for Freeman and McCreary, and were handmade using locally-produced 18K yellow gold and platinum with the diamonds coming from South African diamond company Namakwa.

Freeman, who was nominated an Academy Award for Best Actor for his performance as Nelson Mandela in Invictus, and business partner Lori McCreary requested Roemer to make “something different” to wear for the Oscar ceremony, inspiring the designer to make something “100% African,” the company added.

Freeman has previously purchased a diamond encrusted sculpture of Nelson Mandela’s hand at his 92nd birthday celebration in New York in 2009.

Gemfields’s prime asset is the Kagem mine in Zambia, where the company produced emeralds and beryl averaging 365 carats per tonne in the three months to 31 December 2009, with overall quarterly production totalling 4.9 million carats.

The mine covers an area of 43 sq km (square kilometres) with the license area hosting six known TMS belts with over 13 km (kilometre) strike length. In its half-year results for the period ended 31st December 2009, Gemfields reported US$7.2 million in cash and a gemstone inventory with an estimated value of at least US$9 million.

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