– UK, London – Gemfields Group Limited (LON: GEM/ JSE: GML) announced the appointment of Louis du Preez to its Board as Non-Executive Director effective immediately.
About Louis du Preez
Louis du Preez is a representative of Rational Expectations (Pty) Ltd, and is qualified as an attorney of the High Court of South Africa in 1997 after completing his articles. An accomplished legal and corporate executive, he has extensive experience in corporate governance, commercial strategy, and cross-border transactions. Louis du Preez became a partner at Jan S de Villiers in 1998. Following the firm’s merger with Werksmans Attorneys in 2009, he served on the national executive committee, playing a pivotal role in shaping the firm’s strategic direction until 2017.
Louis du Preez has held multiple board positions across a number of organisations. He was appointed as a non-executive director at KAP Industrial Holdings Limited in 2017 and as a director at Pepkor Holdings Limited in 2018. In 2017, he joined Steinhoff International as General Counsel, progressing to Commercial Director in December 2017 before being appointed Group CEO effective 1 January 2019. He currently still fulfils the role of Group CEO of Ibex Holdings. With a deep understanding of corporate restructuring, financial oversight, and strategic decision-making, Louis du Preez continues to contribute his expertise at all levels of business leadership. Mr du Preez is a South African citizen.
About Gemfields
Gemfields is a world-leading responsible miner and marketer of 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 licences 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 through Fabergé designs, advancing the wider group’s “mine and market” vision.
Gemfields has developed a proprietary grading system and a pioneering auction platform to provide a consistent supply of coloured gemstones to downstream markets, a key component of Gemfields’ business model that has played an important role in the growth of the global coloured gemstone sector.
For more: https://www.gemfieldsgroup.com/
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