Gemfields Group Limited mines and markets coloured gemstones, primarily emeralds from its 75%-owned Kagem mine in Zambia and rubies from its 75%-owned Montepuez Ruby Mining operation in Mozambique; it operates advanced sorting facilities including the world's most technologically advanced coloured gemstone sort house in Mozambique equipped with optical sorting machines; and it employs proprietary grading systems, auction platforms, and marketing initiatives to supply rough emeralds, rubies, and related materials to global jewellery manufacturers, cutters, and luxury brands. The company, founded in 2007 and headquartered in London with its registered office in Guernsey, conducts operations across southern Africa including Zambia and Mozambique, while listing on the London AIM and Johannesburg Stock Exchange under ticker GEM.L; it emphasizes responsible sourcing, traceability, community development in health, education, and livelihoods, and conservation efforts such as partnerships with the Zambian Carnivore Programme and Niassa Carnivore Project. Recent developments include the sale of its Fabergé luxury brand stake to SMG Capital LLC for USD 50 million in August 2025, comprising USD 45 million upfront and USD 5 million in royalties; a change in nominated adviser and broker to Panmure Liberum Limited in February 2025 following the Liberum-Panmure Gordon merger; ongoing construction of a second processing plant at Montepuez on budget for H1 2025 completion; and release of interim operational results for the six months to June 2025 showing auction revenues from Kagem and Montepuez mines.