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Gemfields taps shareholders for R580m after hits from unrest, luxury downturn

Summary by News24
Ruby and emerald miner Gemfields, which also owns jeweller Fabergé, reported a surge in losses in 2024. It will look to tap shareholders for $30 million (R580 million) after battling a market downturn and the effects of civil unrest in Mozambique.

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News24 broke the news in South Africa on Friday, April 11, 2025.
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