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Reported information

Gem Resources announces conditional Gravelotte disposal

Gem Resources announced on 28 October 2026 a conditional agreement to sell its interest in South Africa's Gravelotte emerald mine to Global Gem Mines.

Emerald crystal, image uploaded in 2005. Generic illustration, with no established connection to Gravelotte. Public domain.
Emerald crystal, image uploaded in 2005. Generic illustration, with no established connection to Gravelotte. Public domain. — Jan Arkesteijn (attribution supposée sur Commons) / Wikimedia Commons — domaine public, PD-self ; septembre 2005, sans modification.

The statement sets a fixed price of $1.7 million, with a royalty potentially taking the total to $2.4 million. That maximum is not guaranteed.

The agreement dated 27 October remains subject to conditions including regulatory consent. The announcement therefore does not establish a completed ownership transfer.

Sources 2