Ruby and emerald miner Gemfields, which also owns Fabergé, has flagged a return to profit for its half-year ending June, having successfully gone online to sell its stones.

The group expects a profit after tax of $23.8m (R346m) to end-June, from a R959m loss previously, with the group hit hard in 2020 by travel restrictions, which disrupted viewing of the stones. That prompted the group to develop a system of online mini auctions, a format the group said had remained successful in 2021...

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