Gemfields Resources plc (GEM)

Gemfields Resources plc (GEM) is pleased to announce that it has completed the arrangements granting it an exclusive worldwide licence to use the Fabergé brand name in respect of coloured gemstones (excluding diamonds).

Gemfields intends that the Fabergé name be reserved for high-end, conflict-free and ethically mined gemstones of guaranteed provenance. In addition, Fabergé gemstones will be individually numbered and certificated to ensure traceability.

Rajiv Gupta, founder and Executive Vice Chairman of Gemfields, said:
‘This is about doing justice to the most remarkable and special coloured gemstones in the world. The Fabergé name, one of the most revered in history, captures brilliantly how exclusive such coloured gemstones are. Importantly, Fabergé-branded gemstones will be available to a number of carefully selected partners and customers. We expect that the first Fabergé colour gemstones will be available in 2009’.
Gemfields CEO Sean Gilbertson said: ‘Coloured gemstones were a key theme in the remarkable works of Peter Carl Fabergé. Gemfields’ ability to deploy the Fabergé name on coloured gemstones continues that association and adds yet another compelling layer to Gemfields’ vision of bringing high grade, ethically produced, conflict-free gemstones of certified provenance directly from the mine to the market on an integrated basis