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Gemfields 150
Pallinghurst Rebrands as Gemfields Group
Pallinghurst Resources has changed its name to GemfieldsGroup as it turns its primary focus to colored gemstones. The group’s shareholders overwhelmingly voted in favor ofthe change at its annual general meeting Tuesday. It will use the new...
Mining Jun 27, 2018 Rapaport News
Rubies 150
Gemfields Sells $72M at Record Auction
Gemfields recorded record revenue of $71.8 million at its June ruby auction in Singapore, thecolored-gemstone supplier said Monday. The miner sold588,656 carats of rough, untreated rubies from the Montepuez mine in Mozambique, at an average price of $122...
Polished Markets Jun 12, 2018 Rapaport News
Gemfields
Nirav Modi Crisis Hits Gemfields
Proceeds slumped at Gemfields’ May auction ofhigher-quality rough emeralds as the Nirav Modi fraud case hurt Indian demand,the miner reported last week. Most of the company’s emerald clients are based in India,where the gemstone...
Gemstones May 27, 2018 Rapaport News
Gemfields rubies
Ruby Demand Robust at Gemfields Sale
Gemfields sold $55 million worth of rough rubies inSingapore last week, the highest revenue figure the company has achieved forany auction to date. “The strong revenues from this auction…underscore the factthat market...
Gemstones Nov 16, 2017 Rapaport News
Sean Gilberton Pallinghurst
Gemfields Names Post-Takeover CEO
Gemfields’ new owner, Pallinghurst Resources, has appointedSean Gilbertson as CEO of the colored-gemstone producer following the resignationof the miner’s senior executives.Gilbertson (pictured), an executive director of Pallinghurst, is alongstanding member of Gemfields’ board and was closely...
Gemstones Aug 07, 2017 Rapaport News
Gemfields rough emerald 140
Pallinghurst to Delist Gemfields by End of July
Private-equity firmPallinghurst Resources plans to delist colored-gemstone miner Gemfields from London’s Alternative Investment Market (AIM) by the end of July after nearly 90% of Gemfieldsshareholders accepted its takeover offer.Pallinghurst saidit intends to exercise its rights...
Gemstones Jul 16, 2017 Rapaport News
Gemfields rubies
Pallinghurst Emerges as Sole Gemfields Bidder
Pallinghurst Resources has received backing from its ownersto acquire Gemfields, paving the way for the private-equity firm to go aheadwith the deal after the only other bidder dropped out.Pallinghurst, Gemfields’ largest investor,...
Mining Jun 27, 2017 Rapaport News
Fabergé jewelry
Gemfields Receives Chinese Takeover Bid
China’s Fosun conglomerate has put in a rival bid to takeover Gemfields, following an earlier offer by the colored-gemstone miner’slargest shareholder.Fosun Gold, a subsidiary of the Shanghai-based holdingcompany, has proposed to buy Gemfields for $0.52 (GBP 0.409) per...
Mining Jun 14, 2017 Rapaport News
Gemfields emeralds
Gemfields Faces Buyout from Main Investor
Gemfields’ largest shareholder has made an offer to acquire the53% of the gemstone miner it does not already own, in a bid to restructure thecompany and make it more profitable.Pallinghurst Resources, a mining-focused private equityfirm, has offered Gemfields investors...
Mining May 21, 2017 Rapaport News
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