Fabergé Sale and Rights Issue
Gemfields improved its balance sheet significantly by selling Fabergé for $50 million and raising $30 million through a rights issue.
New Processing Plant in Mozambique
The new processing plant in Mozambique produced its first rubies and is expected to be fully operational by October 2025, potentially increasing ruby production significantly.
Strong Emerald Auction Results
Kagem's auction of higher-quality emeralds showed remarkably strong results, indicating a recovery in production and market demand.