Gemfields Group Ltd - gemstones producer in Mozambique and Zambia and owner of luxury brand Faberge - Completes $10 million share buyback programme on Friday, having purchased 58.4 million shares in total at an average price of R 3.17 per share. This represents 4.8% of total shares prior to the start of the buyback and is worth R 185.4 million in total, about $9.7 million. Gemfields now holds 55.7 million shares in treasury, and all of these will be cancelled.

Current stock price in Johannesburg: R 3.15

12-month change: down 4.0%

Current stock price in London: 13.30 pence

12-month change: down 13%

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