R/€ = 16.91 Change: 0.14
R/$ = 16.43 Change: -0.11
Au 1799.45 $/oz Change: -9.41
Pt 873.00 $/oz Change: -13.00


Ruby auctions net Gemfields a record $95.6m

By: Donna Slater     20th June 2022 Seven sequential mini-auctions of Gemfields’ rubies netted all-time high auction revenues for the miner of $95.6-million, with average prices of $246.69/ct achieved – also a new record for any mixed-quality ruby auction. The auctions, held in Bangkok during May 30 to June 17, contained a... 

Beheadings show Islamist peril persists for Total in Mozambique

By: Bloomberg     16th June 2022 A fresh wave of attacks by an Islamic State affiliate in northern Mozambique has prompted the evacuation of the nation’s biggest solar power plant and threatens to further delay TotalEnergies' $20-billion liquefied natural gas project. Forces from Rwanda and a southern African regional bloc have... 

Insurgent attacks inch closer to Gemfields’ Montpuez mine

By: Donna Slater     13th June 2022 Gemstone miner Gemfields reports that several insurgent attacks in the vicinity of Ancuabe, Mozambique, starting on June 6, are happening in closer proximity to its Montpuez ruby mine (MRM) than in the past. Ancuabe, a town in the Cabo Delgado province of Mozambique, lies about 65 km... 

Gemfields achieves highest ever revenue with May emerald auctions, netting $43.3m

By: Donna Slater     27th May 2022 A series of five sequential mini-auctions of emeralds held by gemstone miner Gemfields from May 9 to 26 saw all 38 lots on offer being sold and set a new record for the highest revenue and the highest average price a carat achieved, at $43.3-million and $155.90/ct, respectively. Gemfields has... 

Zambia’s amethysts, emeralds still tops, but mining could be better

By: Tracy Hancock     20th May 2022 The state of Zambia’s amethyst and emerald mining sectors has improved after the onset of the Covid-19 pandemic resulted in poor demand. However, the sectors continue to battle systemic undercapitalisation, while the chamber continues to advocate for amendments to the tax regime to encourage... 

Partnership to shape future of coloured gemstone sector

20th May 2022 Technology gateway GemCloud, which has the potential to play a central role in shaping the future of the coloured gemstone sector, has gained a new, non-controlling anchor investor through coloured gemstone miner Gemfields’ establishment of Gemdustry. “Gemfields is delighted to support GemCloud,... 

Record-breaking emerald Chipembele showcased at Gem Geneva

By: Donna Slater     17th May 2022 An emerald recovered at Gemfields' Zambia-based Kagem mine – which broke the Guinness World Record for being the largest uncut emerald ever found, as verified on April 22 – was showcased during a special ceremony of gem and jewellery show Gem Geneva this month. The special ceremony was held on... 

Gemfields achieves record revenue for sold out March/April auction

By: Donna Slater     4th April 2022 Gemfields recorded a record $42.3-million in revenue from the sale of emeralds sourced from its Zambia-based Kagem mine, at auctions of predominantly commercial-quality rough emeralds held in Jaipur, India, from March 15 to April 1. Of the 32 lots offered – 4.52-million ct in total – all were... 

Gemfields celebrates successful year with special dividend of $0.017

By: Marleny Arnoldi     25th March 2022 London-listed Gemfields says 2021 had been a good year for the company, allowing the “horrors” of 2020 to be consigned to the history books. The company has been able to allocate $20-million, or $0.017 apiece, to be distributed as a special dividend for the year ended December 31, 2021, after... 

Gemfields to swing to net profit for 2021

By: Marleny Arnoldi     22nd March 2022 London-listed Gemfields expects to swing to a net profit of $65-million for the year ended December 31, 2021, compared with a net loss of $93-million in the prior year. With the company’s two key operating assets, the Montepuez ruby mine and the Kagem emerald mine, in Mozambique and Zambia,... 

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