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Kagem to recommence focused open-pit mining

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Gemfields is pleased to announce that Kagem Mining Limited (‘Kagem’), the emerald mine in Zambia which is 75% owned by Gemfields and 25% owned by the Government of the Republic of Zambia through the Industrial Development Corporation of Zambia (‘IDC’), will shortly recommence a programme of focused open-pit mining to recover more premium emeralds.

As announced on 23 December 2024, alongside other cost cutting measures, Kagem suspended all mining from 1 January 2025 to focus on processing ore from Kagem’s significant ore stockpile utilising the upgraded processing plant.

Emerald production from the processing plant in 2025 so far, in terms of carats recovered, has been in-line with the Company’s expectations, producing a lower proportion of higher-quality or premium emeralds than direct open-pit mining methods.

Kagem’s recent auction results, including the encouraging commercial-quality auction results released on 30 April 2025, has increased management confidence in the current emerald market and the decision has therefore been taken to recommence mining of two key production points in the Chama pit, with minimal waste mining, to recover premium emeralds for Kagem’s future higher-quality auctions. The decision to recommence full scale mining will continue to be assessed as market conditions develop.

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Mikimoto Sheds Light on L’éclat, a Celestial High Jewelry Collection

Debuting at Paris Haute Couture Week, The 60-Piece Collection Celebrates Light, Brilliance and Exceptional Pearl Craftsmanship

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Mikimoto has introduced its latest high jewellery collection, L’éclat, during Paris Haute Couture Week, presenting a dazzling tribute to light, brilliance and celestial beauty. The 60-piece collection blends the brand’s iconic cultured pearls with rare coloured gemstones, creating bold, contemporary designs inspired by the energy and radiance of light.

Among the collection’s highlights is the Solaire collar necklace, centred on a remarkable 104.52-carat tourmaline, complemented by cascading Akoya cultured pearls, sapphires, emeralds and diamonds. Another standout is a striking 12-row Akoya cultured pearl necklace featuring sculptural light-inspired motifs, accented with South Sea pearls, diamonds and mother-of-pearl, accompanied by a matching ring set with a 19 mm South Sea pearl.

Inspired by the explosive beauty of stars, the Supernova rings combine white diamonds, yellow diamonds and pink sapphires to capture the brilliance of a stellar burst. The collection also features dramatic L’éclat brooches, designed to resemble shooting stars, showcasing rare gemstones including 18.14-carat morganite and 28.2-carat blue tourmaline paired with Akoya pearls and coloured sapphires.

Adding an artistic touch, several brooches pay homage to masterpieces by Vincent van Gogh and Claude Monet.

Designs inspired by The Starry Night, Sunflowers, and Water Lilies feature an exquisite combination of golden South Sea pearls, lapis lazuli, turquoise, blue tourmaline, purple sapphires, demantoid garnets, and diamonds.

With L’éclat, Mikimoto once again showcases its mastery of pearls, gemstones and haute jewellery, presenting a collection that embodies optimism, inner strength and timeless elegance.

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