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GEM on London Stock Exchange

Gemfields

Logo: gemfields.co.uk4

British mining company

Gemfields Group Ltd (formerly Pallinghurst Resources Limited) is a mining company incorporated in Guernsey and headquartered in London. It is the 100% owner of Gemfields Limited, specialising in the mining, grading, and sale of coloured gemstones, particularly emeralds and rubies. The group sells rough, uncut gemstones and does not operate any cutting and polishing facilities.2 It employed 1,334 people in 2015.1 Wikipedia text CC BY-SA 4.0

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Last updated Oct 21, 2026.

Overview

2004Founded1

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  • TickerGEM on London Stock Exchange1
  • Industrymining1
  • HeadquartersSt James's1
  • Websitegemfields.co.uk
  • Legal formPrivate Limited Company3
  • LEI2138004HLLIYVCFNZO623
  • StatusActive3
  • LEI statusLapsed (not renewed)3
  • Registered address1 NEW BURLINGTON PLACE, W1S 2HR London, United Kingdom3
  • Registered withCompanies House, 051290233

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Gemfields Group Ltd (formerly Pallinghurst Resources Limited) is a mining company incorporated in Guernsey and headquartered in London. It is the 100% owner of Gemfields Limited, specialising in the mining, grading, and sale of coloured gemstones, particularly emeralds and rubies. The group sells rough, uncut gemstones and does not operate any cutting and polishing facilities. The company is the majority owner and the operator of Kagem Mining in Zambia (emeralds) and Montepuez Ruby Mining in Mozambique (rubies), which industry sources suggest contribute roughly 25% of global emerald supply and 50% of global ruby supply.2

Corporate structure

Gemfields sits at the top of its group. 2 entities, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

  • Gemfields London, United Kingdom
    • Fabergé Subsidiary · London, United Kingdom

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); subsidiaries, stakes and holdings from Wikidata (CC0). Each entity in the chart links to its source.

The story

2007 – Incorporated as Pallinghurst Resources Limited

2008 – Acquired 75% stake in Kagem Mining in Zambia

2009 – Held first emerald auction, introducing proprietary auction process

2011 – Acquired 75% stake in Montepuez Ruby Mining in Mozambique

2013 – Gemfields Limited acquired 100% stake in Fabergé

Gemfields buys Fabergé in $142m deal

Fabergé holds promise for Gemfields - Investors' Chronicle

GemfieldsCompany acquires Fabergé for $142m

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Emerald miner Gemfields buys Fabergé

2014 – Held first ruby auction

2018 – Changed company name to Gemfields Group Limited.

Pallinghurst Resources Rebrands Itself as Gemfields Group

2020 – Relisted on London AIM; maintained JSE listing.

2024 – Announced appointment of Bruce Cleaver as Chairman

Gemfields’ Bruce Cleaver: ‘We’re like De Beers was 30 years ago’

2025 – Undertook USD 30 M equity raise

Gemfields seeks to raise $30m through a rights issue

Gemfields raises $30m through rights issue

2025 – Sold 100% stake in Fabergé, enabling full focus on mining coloured gems

Gemfields sells Fabergé for $50m to focus on rubies and emeralds

Gemfields Sells Historic Fabergé Brand For $50 Million To SMG Capital

Gemfields Group Sells Fabergé Eggs Maker for $50 Million - Bloomberg

From Wikipedia’s article on Gemfields, shared under CC BY-SA 4.0.5

Products and brands

  • emerald
  • ruby
  • sapphire

Listed on Wikidata.1

Fabergé

Gemfields Group Limited (then Pallinghurst Resources Limited) bought up the Fabergé trademarks, licenses and associated rights related to the name in 2007, reversing the fragmentation of the brand over the past 90 years, and reinstated connections with the Fabergé family;

Gemfields Limited acquired 100% stake in Fabergé in January 2013, enabling high-profile marketing of coloured gemstones;

Fabergé Completes Merger with Colored Gemstone Company

Gemfields buys Fabergé to create gem champion

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Gemfields Limited sold 100% stake in Fabergé amid Group-wide cash constraints, in order to focus portfolio on the mining of coloured gemstones

Gemfields considers selling Fabergé as it cuts costs.

Gemfields sells Fabergé for $50m to focus on rubies and emeralds.

From Wikipedia’s article on Gemfields, shared under CC BY-SA 4.0.5

Subsidiaries and ownership

Subsidiaries

From Wikidata.1

Employees over time

  • 20151,3341

Timeline

  1. 2004Founded Founded1

Sources

The numbers on this page point here. Each one links to the record it came from.

  1. 1
  2. 2
  3. 3
  4. 4
    Company websiteGemfields logo
  5. 5