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Gemfields achieves second-highest revenue from lower-quality gems

Aim-listed Gemfields’ first auction of the current financial year netted the company the second-highest proceeds to be generated from lower-quality rough emerald and beryl sales. The rough emerald and beryl auction, held in Lusaka from August 5 to...
11th August 2014

Mozambican rubies perform well at first auction

The first auction of rough rubies and corundum from the Montepuez ruby mine in Mozambique, held in Singapore from June 12 to June 17, brought in revenues of $33.5-million. This was reported by London Stock Exchange AIM-listed Gemfields plc, which...
27th June 2014

Inaugural ruby auction nets $33.5m – Gemfields

The inaugural auction of rough ruby and corundum mined at Aim-listed Gemfields’ 75%-owned Montepuez deposit, in Mozambique, has raised $33.5-million, taking the coloured-gemstones mining and marketing company’s overall revenue for rough gemstone...
18th June 2014

Gemfields emerald auction yields $13.5m revenue

Coloured-gemstones mining and marketing company Gemfields on Tuesday reported a gross revenue of $13.5-million after selling 268 000 ct of emeralds at auction. The revenue from this latest auction, which took place from April 28 to May 2, in...
6th May 2014

Gemfields prepares for inaugural ruby auction, reports sound quarter

JOHANNESBURG ( – As operations ramp up at its 75%-owned Montepuez ruby deposit, in Mozambique, Aim-listed Gemfields is preparing for its inaugural ruby auction in Singapore in mid-June. "Gemfields is pleased to report on another...
2nd May 2014

Gemfields secures $15m unsecured loan from key shareholder

Aim-listed Gemfields has inked a $15-million unsecured, 12-month working capital facility with specialist natural resources investment company and key shareholder Pallinghurst Resources, the funds of which will be used to “smooth" the company's...
17th April 2014

Resources Watch Video Available

This week: Pallinghurst brings in new technology to boost its platinum business. And, Gemfields is doing the ‘De Beers-equivalent’ in emeralds.
17th April 2014

Gemfields rolls out ‘the art of colour’ Video Available

Creamer Media's Shannon de Ryhove speaks to Mining Weekly editor Martin Creamer about gemstones miner Gemfields' 'art of colour' strategy.
16th April 2014

Gemfields doing ‘De Beers-equivalent’ in emeralds Video Available

Pallinghurst chairperson Brian Gilbertson London-listed coloured-gemstones mining and marketing company Gemfields, which Pallinghurst chairperson Brian Gilbertson says is doing for emeralds what De Beers did for diamonds, is now aspiring to repeat the performance in rubies. Gemfields, in...
11th April 2014

Gemfields achieves record revenue at gem auction

Kagem emerald mine in Zambia London-listed Gemfields marked a “record revenue” year after its third auction of the year achieved revenue of $36.5-million after selling 15 of the 17 lots of gemstones on offer. The company reported in a statement on Wednesday that year-to-date...
26th February 2014

Gemfields achieves record revenue of $16.4m at low-grade gem auction

Gemfields has sold 5.6-million carats of low-grade emerald and beryl for a record $16.4-million at its most recent auction in Lusaka, Zambia. The auction, which was the second offering of gems mined by the company at its Kagem emerald mine, in...
18th November 2013

Gemfields revenue drops 42%, operations performing well

Aim-listed coloured gemstone miner Gemfields on Thursday reported a 42% drop in revenue to $48.4-million and a net loss of $22.8-million for the year ended June 30, mostly owing to disruptions in the company’s emerald auction schedule. This was a...
3rd October 2013
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