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Gemfields' latest emerald auctions generate a record $37.9m in revenue

By: Creamer Media Reporter      Updated 7 hours ago A series of five emerald mini-auctions in November and December has generated a record $37.9-million in revenue for gemstone miner Gemfields. All carats on offer were sold and the emeralds were sold for an average of $150.65/ct. 

Gemfields unearths largest gem to date at Kagem, names it Chipembele

By: Donna Slater     8th November 2021 Gemfields has uncovered a 7 525 ct (1 505 g) gemstone, which it has called Chipembele – meaning “rhino” in Bemba (an indigenous dialect in Zambia), at its Kagem emerald mine in Zambia. The discovery of Chipembele follows the 6 225 ct Insofu – Bemba for “elephant”, which was discovered in 2010;... 

Zambian emeralds to go on auction on Nov 23

By: Marleny Arnoldi     3rd November 2021 International auction house Phillips will, this month, put on sale the largest collection of Zambian emeralds ever to be offered on auction. Part of the proceeds will go to the Gemfields Foundation, which supports community and conservation projects in Africa.  

Gemfields appoints Sacco to the board

By: Marleny Arnoldi     12th October 2021 Aim- and JSE-listed Gemfields has appointed Patrick Eugenio Sacco non-independent and nonexecutive director, effective immediately. The company says Sacco has experience in the iron-ore, manganese, manganese alloys and chrome ore industries. 

AHIL increases stake in Gemfields to 26.17%

By: Creamer Media Reporter      30th September 2021 Assore International Holdings Limited (AHIL) has increased its stake in gemstone miner Gemfields to 26.17%. This followed the sale by Dr Christo Wiese and his family and associates of about 154.66-million shares in Gemfields. 

Assore buys more shares in Gemfields

By: Mariaan Webb     22nd September 2021 Manganese and iron-ore company Assore has increased its shareholding in emerald and ruby miner Gemfields to 12.74%. The privately-held company last week bought an additional 90 533 595 shares of Gemfields, taking its holding to 147 947 454 shares. 

Gemfields records strong six-month performance

By: Tasneem Bulbulia     16th September 2021 JSE-listed Gemfields expects to report a net profit after tax of $23.8-million for the six months to June 30, compared with the $56.7-million net loss after tax reported for the comparative six-month period in 2020. In rand terms, the net profit after tax is expected to be R346-million. 

Assore International Holdings acquires 5% interest in Gemfields

By: Simone Liedtke     9th September 2021 Mining holding company Assore International Holdings has acquired a beneficial interest of 5% in coloured gemstones miner and supplier Gemfields. Conducted as an off-market block trade and online share price services, Assore International Holdings now holds more than 58.4-million Gemfields shares. 

Gemfields generates highest-ever emerald auction revenue

By: Simone Liedtke     12th August 2021 Gemstone miner Gemfields has generated about $23.1-million in auction revenues – an all-time record for commercial-quality emerald auctions – at its auction held from July 28 to August 11. The emeralds sold at this auction were extracted by Gemfields’ 75%-owned subsidiary Kagem Mining, in Zambia. 

Gemfields increases production after disruptions of 2020

By: Donna Slater     2nd August 2021 Gemstone miner Gemfields’ 75%-owned Kagem emerald mine, in Zambia, produced 10.34-million carats of gemstones, including emeralds and beryls during the first half of the year, while its Mozambique-based Montepuez ruby mine, in Mozambique, produced 2.05-million carats. This is despite the Kagem... 

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