GEMFIELDS expects to report an interim loss of $24.6m (R435.8m) following disrupted emerald production and less premium rubies mined. In a trading statement ahead of its September 27 results presentation for the six months ended June, Gemfields said it expected a stronger second half in 2025. Sean Gilbertson, CEO of Gemfields said in notes to the trading statement it was the “utmost importance” the group now “delivers for shareholders. For the period under review, average ruby values mined at Montepuez, Gemfields’ mine in Mozambique, declined. However, pricing and demand “provided some encouragement”, said Gemfields in its trading statement.