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Business|Gemfields|Mining|Services
Business|Gemfields|Mining|Services
business|gemfields|mining|services

Gemfields' Fabergé sale concluded

The Fabergé x 007 Limited Edition Goldfinger Egg Objet

The Fabergé x 007 Limited Edition Goldfinger Egg Objet

Photo by Fabergé

1st September 2025

By: Creamer Media Reporter

     

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JSE- and Aim-listed Gemfields has confirmed that the sale of luxury goods brand Fabergé to US-based investment company SMG Capital was concluded on August 29.

The gemstone miner on August 11 announced the planned sale of the brand for $50-million, comprising an initial payment of $45-million and a further $5-million in royalty payments.

At the time, Gemfields noted that the sales proceeds would provide additional working capital for the group, while a new processing plant is brought into operation at the Montepuez ruby mine, in Mozambique, and as mining at the Kagem emerald mine, in Zambia, is expanded.

“It’s been a privilege to support Gemfields on this transaction which represents a milestone in its continued evolution. We’re proud to have worked closely with the Gemfields team to help deliver a successful outcome on what has been a high-profile and widely reported transaction," comments integrated legal and business services provider DWF corporate director Jemil Visram.

DWF adivsed Gemfields on the sale of Fabergé, a well-known manufacturer of jewellery on objet d'art.

“The DWF team has been a trusted adviser throughout this process, providing sharp legal insight and clear commercial guidance at every step. Their understanding of our business and the discretion with which they handled this high-profile transaction were both deeply valued. We’re grateful for their support in delivering this important outcome,” says Gemfields CEO Sean Gilbertson.

 

Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

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