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An image of the Chipelembe rhino emerald
Gem miner boosts local economy, socially uplifts
17th May 2024

As a measure for promoting enhanced transparency around the sharing of natural resource wealth with governments of host countries, Zambia’s single-largest producing emerald mine, gemstone miner... 

An image of the Gemfields’ Montepuez mine
Gemfields releases updated ‘G-Factor for Natural Resources’ figures
24th April 2024 By: Tasneem Bulbulia

London-listed Gemfields has announced updated ‘G-Factor for Natural Resources’ figures for the 12 months to December 31, 2023, and has also once again invited governance bodies, extractive... 

Gemfields generates healthy revenue from latest auction, posts lower headline earnings for 2023
25th March 2024 By: Marleny Arnoldi

Aim- and JSE-listed gemstones miner Gemfields has generated total auction revenue of $17-million for a rough emeralds auction held between March 5 and 22. The company offered 43 lots for sale, of... 

Gemfields swings to a loss on PGM investment writedown, but gemstone business flourishes
22nd March 2024 By: Sabrina Jardim

Gemstone miner Gemfields has recorded its second highest yearly revenues in 2023, on the back of record prices being paid for its rough coloured gemstones sold at auction. Gemfields CEO Sean... 

Polished emeralds and rubies produced by Gemfields
Gemfields achieved its second-highest auction revenues ever in 2023
29th January 2024 By: Creamer Media Reporter

Gemstone miner Gemfields reports that auction revenues and pricing for both emeralds and rubies remain strong, with the company having earned auction revenues of $242-million in 2023 – the... 

Fabergé, Regent unveil new sea-themed egg
14th December 2023 By: Darren Parker

Jewelled egg maker Fabergé has introduced a new luxury egg called Journey in Jewels in partnership with Regent Seven Seas Cruises. The egg was unveiled at a gala event in Miami, Florida, on... 

Gemfields earns $69.5m from latest ruby auction
6th December 2023 By: Darren Parker

Ruby and emerald miner Gemfields has announced that total auction revenues of $69.5-million were accrued after selling all 97 lots, comprising 239 591 ct of ruby, offered for sale at its latest... 

Image of Montepuez processing plant
Montepuez ruby mine expansion, Mozambique
13th October 2023 By: Sheila Barradas

Montepuez Ruby Mining Limitada plans to build an additional processing plant at Montepuez. 

Gemstones from Zambia and Mozambique.
Emeralds, rubies continuing to give Southern Africa exceptional gemstone hues
3rd October 2023 By: Martin Creamer

The emerald green of Zambia and the ruby red of Mozambique are continuing to give exceptional gemstone hues to Southern Africa, Mining Weekly can today report. Zambian emeralds, which are among the... 

Gemfields’ rough emeralds and rubies continue to be in demand after the step-change in market pricing seen across last year
Gemfields expects lower 2023 financial performance
22nd September 2023 By: Cameron Mackay

Gemstone producer Gemfields has demonstrated robust financial performance during the first half of 2023.  However, CEO Sean Gilbertson cautioned on Friday that the company is unlikely to replicate... 

The rough emeralds sold were extracted by Kagem, which is 75% owned by Gemfields and 25% by the Industrial Development Corporation of Zambia
Gemfields’ latest emerald auction generates $25.5m in revenue
18th September 2023 By: Cameron Mackay

Gemstone producer Gemfields earned revenues of $25.5-million from its latest auction of commercial-quality rough emeralds recovered from the Kagem mine, in Zambia. All 43 lots put on offer were... 

The addition of the second plant will triple MRM’s processing capacity from the existing 200 t/h to 600 tonnes p/h
Gemfields to triple processing capacity at Moz ruby mine
7th August 2023 By: Cameron Mackay

Gemstone miner Gemfields’ 75%-owned Montepuez Ruby Mining (MRM) subsdiary has entered into a legally binding contract with specialist engineering group Consulmet to build an additional processing... 

Gemfields produces slightly lower interim output
31st July 2023 By: Marleny Arnoldi

London- and Johannesburg- listed Gemfields produced 17.4-million carats of emeralds in the six months ended June 30, including 85 000 ct of premium emeralds, from the Kagem emerald mine, in Zambia.... 

A ring with an emerald mined at Gemfields' Kagem mine
Gemfields’ emeralds, rubies featured at Paris fashion show 
5th July 2023 By: Tasneem Bulbulia

A new collection of rings, featuring miner Gemfields’ emeralds and rubies, has been unveiled during the Journées de la Haute Joaillerie. Gemfields – a miner and marketer of coloured gemstones – has... 

Revenue from Gemfields' latest ruby auction up 20%
21st June 2023 By: Creamer Media Reporter

Gemstone miner Gemfields' latest ruby auction generated revenues of $80.4-million, with an average price of $265.99/ct realised. "With the revenue from this auction up 20% since our last ruby... 

Gemfields reports multiple records from latest emerald auction
2nd June 2023 By: Marleny Arnoldi

Dual-listed Gemfields has generated record auction revenue of $43.7-million from the sale of 35 high-quality rough emeralds produced from the Kagem mine. The auction had an average realised price... 

Gemfields posts record full-year revenue, higher Ebitda
31st March 2023 By: Marleny Arnoldi

Dual-listed Gemfields generated record revenue of $341-million for the year ended December 31, which marks a 32% year-on-year increase. The company also posted a 25% year-on-year increase in... 

Gemfields emeralds auction generates $21.2m in revenue
27th March 2023 By: Creamer Media Reporter

Gemstone miner Gemfields' first emerald auction of this year generated revenue of $21.2-million. "Gemfields' first auction of 2023 has yielded a sound outcome. While it is evident that the market... 

Gemfields full-year profit rises 2% on record ruby, emerald sales
24th March 2023 By: Reuters

Faberge jewellery brand owner Gemfields Group reported a 2% rise in full-year profit on Friday helped by higher prices for uncut emeralds and rubies. The precious stone miner said headline earnings... 

an image of the Montepuez ruby mine in Cabo Delgado, Mozambique.
Gemfields has its eye on security measures following Cabo Delgado attacks
21st February 2023 By: Donna Slater

Gemstone miner Gemfields, which has operations in Mozambique and Zambia, has reiterated the emphasis it places on operational personnel's safety in Mozambique following a series of insurgent... 

Gemfields evacuates Moz exploration camp following nearby insurgent attack
14th February 2023 By: Donna Slater

Gemstone miner Gemfields has evacuated operational employees and contractors from its 75%-owned Nairoto Resources exploration camp following an insurgent attack in the village of Nairoto in the... 

A ruby mined at Gemfields' Montepuez mine, in Mozambique
Gemfields reports record $333m revenue for 2022
31st January 2023 By: Creamer Media Reporter

Gemstone miner Gemfields, which operates emerald and ruby mining operations in Zambia and Mozambique, respectively, reports that its revenue for 2022 had reached a record $333-million. That... 

An image of hands holding emeralds at the Kagem mine in Zambia
Consistent policy crucial amid uncertainty
27th January 2023 By: Nadine James

In addition to increasing socioeconomic challenges and their knock-on effects worldwide, mining entities must also contend with a looming metals deficit, says Zambia Chamber of Mines CEO and... 

Gemfields to buy back up to $10m of shares
20th December 2022 By: Creamer Media Reporter

Gemstone miner Gemfields has started a share buy-back programme to buy up to $10-million worth of ordinary shares. The share buy-back represents an opportunity to promote Gemfields' financial... 

Gemfields achieves record yearly revenue from ruby, emerald auctions
9th December 2022 By: Marleny Arnoldi

UK-headquartered Gemfields has generated $66.8-million of revenue from 98 lots of rough rubies sold on auction between November 21 and December 8. The auction lots were made available for... 

polished and cut emerald
URA announces 29Mct emerald mineral resource estimate at Gravelotte
21st November 2022 By: Darren Parker

Exploration company URA Holdings, which has assets in South Africa and Zambia, has announced an independent maiden Joint Ore Reserves Committee (Jorc) 2012 mineral resource estimate of 29-million... 

Gemfields' latest emerald auction generates nearly $31m in revenue
18th November 2022 By: Marleny Arnoldi

JSE- and Aim-listed Gemfields has generated $30.8-million in revenue from the sale of rough emeralds during an auction, comprising five sequential mini-auctions, held from October 30 to November... 

Qld makes plans to back small-scale miners
10th November 2022 By: Esmarie Iannucci

The Queensland government will introduce a suite of possible changes to support the continued operation of small-scale miners in the state, with a moratorium on new claims to end as scheduled on... 

The Kafubu cluster
Gemfields to auction 187 775 ct Kafubu emerald cluster
3rd November 2022 By: Donna Slater

Gemstone miner Gemfields is set to put on auction the 187 775 ct (37 555 g) cluster of emeralds that was unearthed in the Chama pit of the miner’s 75%-owned Kagem emerald mine, in Zambia, in March... 

Key Montepuez personnel return to site, operations resume
24th October 2022 By: Donna Slater

Key operational personnel have returned to Gemfields’ majority-owned Montepuez Ruby Mining (MRM) operation in Cabo Delgado, Mozambique, and basic operations have resumed. Operational employees and... 

Gemfields halts Mozambique operations after attack at nearby ruby mine
20th October 2022 By: Reuters

Precious gem miner Gemfields Group has stopped operations at its Montepuez ruby mine in Mozambique's Cabo Delgado province after an attack was reported at a nearby facility, it said on Thursday.... 

Gemfields reports record interim auction revenues
29th September 2022 By: Darren Parker

Gemstones supplier Gemfields has reported “record-breaking” auction revenues and an “all-time high” cash position for the six months ended June 30, resulting in the company declaring an interim... 

Gemfields records revenues of $4.2m from ruby auction
27th September 2022 By: Tasneem Bulbulia

Aim-listed Gemfields generated revenues of $4.2-million from an auction of predominantly commercial-quality sapphire, corundum and low-quality ruby held from September 19 to 23. The gemstones were... 

Kagem emerald sales remain strong as latest auction generates $32.9m
20th September 2022 By: Creamer Media Reporter

Gemstone miner Gemfields' latest auction of commercial-quality emeralds recovered from the Kagem mine, in Zambia, generated revenue of $32.9-million – the second-highest figure ever at a Kagem... 

Tripling Zambia’s copper output ambitious but attainable best-case scenario
16th September 2022 By: Tracy Hancock

Key prerequisites need to be in place if Zambian President Hakainde Hichilema is to tap into the potential developmental benefits of the “oil of Zambia” by tripling the country’s yearly copper... 

Rough Ruby in primary deposit Montepuez Ruby Mine Gemfields
Gemfields reports record 12-month auction revenue
27th July 2022 By: Darren Parker

Gemfields has reported record auction revenue of $330.3-million for the 12 months ended June 30. In a report on the company’s operating results and financial position for the period, released on... 

Gemfields reports attacks moving closer to its Moz ruby mine
20th July 2022 By: Tasneem Bulbulia

Dual-listed Gemfields says an attack, attributed to insurgent activity, occurred on July 13 in closer proximity to the operations of Montepuez Ruby Mining (MRM), in which Gemfields holds a 75%... 

Ruby auctions net Gemfields a record $95.6m
20th June 2022 By: Donna Slater

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... 

Beheadings show Islamist peril persists for Total in Mozambique
Beheadings show Islamist peril persists for Total in Mozambique
16th June 2022 By: Bloomberg

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'... 

Insurgent attacks inch closer to Gemfields’ Montpuez mine
13th June 2022 By: Donna Slater

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... 

Gemfields achieves highest ever revenue with May emerald auctions, netting $43.3m
27th May 2022 By: Donna Slater

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... 

A generic image of amethyst
Zambia’s amethysts, emeralds still tops, but mining could be better
20th May 2022 By: Tracy Hancock

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... 

An image of a woman using the GemCloud platform
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... 

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pqt: 0.392s - ct: 0.48s - 470pq - 2rq
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