Christo Wiese resigns from Gemfields board

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Christo Wiese resigns from Gemfields board

11:40 CAT | 27 Sep 2021

File photo: Netwrk24

Gemfields Group Limited announced resignation of Christo Wiese as a Non-Executive Director of the Company on, and with effect from, 23 September 2021.

Gemfields Group Ltd – London-headquartered gemstones supplier – says South African businessman Christo Wiese has resigned as a non-executive director, and company is in the process of confirming a replacement. “It is with great regret that we say farewell to Christo for he has served the company well over the years, during which the board and management have benefited from his vast breadth and depth of experience,” says Chair Martin Tolcher.

Current stock price in London: 15.00 pence

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Year-to-date change: up sharply from ZAR1.35 at end of 2020

By Lucy Heming;

Non-Executive Director Resignation

London, 27 September 2021

Gemfields advises that Dr Christo Wiese resigned as a Non-Executive Director of the Company on, and with effect from, 23 September 2021.

The Company is in the process of confirming a replacement for Dr Wiese.

Mr Martin Tolcher, Chairman of the Board, commented: “It is with great regret that we say farewell to Christo for he has served the Company well over the years, during which the Board and management have benefited from his vast breadth and depth of experience. On behalf of everyone at the Company, I wish him all the best and hope that our paths may cross again.”

About Gemfields

Gemfields is a world-leading supplier of responsibly sourced coloured gemstones. Gemfields is the operator and 75% owner of both the Kagem emerald mine in Zambia (believed to be the world’s single largest producing emerald mine) and the Montepuez ruby mine in Mozambique (one of the most significant recently discovered ruby deposits in the world). In addition, Gemfields also holds controlling interests in various other gemstone mining and prospecting licenses in Zambia, Mozambique, Ethiopia and Madagascar.

Gemfields’ outright ownership of Fabergé – an iconic and prestigious brand of exceptional heritage – enables Gemfields to optimise positioning, perception and consumer awareness of coloured gemstones, advancing the wider group’s “mine and market” vision.

Gemfields has developed a proprietary grading system and a pioneering auction and trading platform to provide a consistent supply of coloured gemstones to downstream markets, a key component of Gemfields’ business model and has played an important role in the growth of the global coloured gemstone sector.

Source: Alliance News / Gemfields