Gemfields Group Ltd (formerly Pallinghurst Resources Limited) is a British mining company incorporated in Guernsey and headquartered in London, United Kingdom, and is a supplier of coloured gemstones.
[6][7] In addition to the gemstone mining and production assets the Group also owns and operates the Fabergé luxury brand.
Gemfields holds additional stakes in companies based in Zambia, Mozambique, Ethiopia and Madagascar.
It also holds an indirect minority stake of 6.5% in platinum-group metals producer Sedibelo Platinum Mines Limited.
To date, the company has held 38 auctions of rough emerald and beryl produced from Kagem which have generated revenues totalling USD 712 million.
[8] In 2019, Gemfields paid £5.8 million to settle a lawsuit in relation to allegations of human rights abuses against Mozambican and foreign nationals on or around the Montepuez Ruby Mine.
[4] Gemfields own 75% of the mine while the remaining 25% stake is held by the Zambian government in Lusaka via the Industrial Development Corporation of Zambia.
[23] Web Gemstone Mining halted all operations when, on 31 July 2018, an armed mob attacked and breached the sort house and strong room, and looted all emerald stock, equipment and materials.
[25] Source:[26] On August 14, 2024, the National Crime Agency (NCA) announced that Gemfields had reported an attempted bribery offence [27] in which Romy Andrianarisoa, then 46 and chief of staff to the President of Madagascar, and French national Philippe Tabuteau had demanded payment and an equity stake from the UK company in exchange for a licence to operate in Madagascar.
Romy Andrianarisoa and Philippe Tabuteau were arrested in London in the week prior to the NCA's announcement in August 2024.