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Gemfields Group Ltd - London-based miner and marketer of coloured gemstones - Confirms that it completed the disposal of Faberge Ltd to SMG Capital LLC on Friday. Gemfields previously announced on August 11 that it had agreed to sell its entire interest in Faberge for $50 million, with $45 million payable on completion and the remaining $5 million comprising quarterly revenue payments.
Current Johannesburg stock price: R 1.31
12-month change: down 53%
Current London stock price: 5.57 pence, down 3.1% on Monday
12-month change: down 52%
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