Gemfields Group Ltd
GMLJ.J – JOHANNESBURG STOCK EXCHANGE
Business Description
Gemfields Group Limited is a Guernsey-based miner and supplier of colored gemstones. The Company operates through six segments: Kagem Mining Limited (Kagem), Montepuez Ruby Mining Limitada (MRM), Development Assets, Faberge, Corporate, and Other. The Kagem segment includes the Company's emerald and beryl mine, in Zambia, Africa. The MRM segment includes its ruby and corundum mine, in Mozambique, Africa. The Development Assets segment consists of Company's exploration and evaluation activities in Africa, including Megaruma Mining Limitada (MML), Eastern Ruby Mining Limitada (ERM), Campos de Joia Limitada (CDJ), Nairoto Resources Lda (Nairoto), and its projects in Ethiopia and Madagascar. The Faberge segment is engaged in the wholesale and retail sales of jewelry and watches. The Corporate segment comprising sales of cut and polished gemstones, marketing, and technical and administrative services based in the United Kingdom. The Other segment includes sales and marketing offices.
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