Higher demand, better quality lift Gemfields results

Increased per-carat prices achieved at auction for emeralds from Gemfields helped the Aim-listed company increase revenue from rough and finished sales by 57%, to $45.7-million, the firm said on Monday. The gem producer attributed the revenue...

Gemfields completes Mozambique ruby acquisition

Aim-listed Gemfields completed the acquisition of a controlling interest in a ruby deposit based in the Montepuez district of the Cabo Delgado province, in Mozambique. The company announced on Monday that the conditions of the agreement had been...

Coloured gemstone miners pursuing successful diamond model

Zambia’s coloured gemstones have returned to world markets in a blaze of lucrative African colour. Providing the new marketing thrust and also mining the coloured gemstones are South Africans, who are using the diamond industry as a model to...

Coloured gemstone miners pursuing successful diamond model

Zambia’s coloured gemstones have returned to world markets in a blaze of lucrative African colour. Providing the new marketing thrust and also mining the coloured gemstones are South Africans, who are using the diamond industry as a model to...

Resources Watch

This week: Coloured gemstones are frequently worth more than the finest diamonds, says Brian Gilbertson. Alexkor to restructure, and eyes new ventures in Southern Africa. And, a former banker says BEE is like a casino.

Coloured gemstones frequently worth more than finest diamonds – Gilbertson

Carat-for-carat, coloured gemstones frequently outvalue the finest diamonds. But despite that, little was done to realise greater value for coloured gemstones until the London Aim-listed Gemfields came on to the scene. Now the new order being...

Gemfields profit soars as emerald, beryl sales double

Aim-listed gemstone producer Gemfields on Monday reported a 729% increase in its full-year profit to $21.45-million, on the back of emerald and beryl sales doubling. Sales rose from just under $20-million in 2010, to $40.16-million in the...

Gemfields eyes 75% stake in Mozambique ruby project

Aim-listed Gemfields has entered into a conditional agreement to buy a controlling stake in a ruby deposit in Mozambique for $2.5-million, the company announced on Wednesday. The project comprises five mining titles currently owned by Mwiriti...

Gemfields achieves record sales for lower quality emeralds

Aim-listed Gemfields on Thursday said that it had achieved its second highest revenues to date of $9,9-million at its latest rough emerald and beryl auction in India. The auction, comprising mainly of lower quality emeralds, achieved a 148%...

Gemfields posts $15m interim profit, revenue more than doubles

Aim-listed Gemfields said its revenue from rough and finished emerald sales more than doubled to $29-million in the six months ended December 2010, compared with $12-million in 2009. This came on the back of its 18,7-million carats gemstone...

Strong prices allows for higher output at Gemfields’ Kagem mine

Aim-listed Gemfields said on Monday that production for the first six months of its 2011 financial year at 18,7-million carats had exceeded its entire prior year’s production of 17,4-million carats. A significant increase in gem prices, owing...

Gemfields reports record revenue from Johannesburg auction

London-listed Gemfields generated a record revenue of $19,6-million from last week’s rough emerald auction in Johannesburg, the company reported on Tuesday. The revenue from the auction, which was attended by 32 companies drawn from India,...