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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... 


At Gem Geneva with Chipembele and the Guinness World Record certification, from the left are Liran Eshed (Eshed – Gemstar), Elena Basaglia (Gemfields), Avraham Eshed and Lior Eshed (Eshed – Gemstar).
Record-breaking emerald Chipembele showcased at Gem Geneva
17th May 2022 By: Donna Slater

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... 


Gemfields achieves record revenue for sold out March/April auction
4th April 2022 By: Donna Slater

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... 


A 40 ct ruby from Gemfields' Montepuez mine
Gemfields celebrates successful year with special dividend of $0.017
25th March 2022 By: Marleny Arnoldi

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... 


Gemfields to swing to net profit for 2021
22nd March 2022 By: Marleny Arnoldi

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... 


Illicit ruby, emerald mining robbing host countries of inherent true value – Gemfields
11th March 2022 By: Donna Slater

Gemstone miner Gemfields says an analysis of existing data on the supply of rubies and emeralds highlights an “alarming” extent to which host-mine countries are being robbed of the true value of... 


Gemfields increases full-year production, sales
31st January 2022 By: Donna Slater

Gemstone miner Gemfields reports that by December 31, its 75%-owned Zambia-based Kagem emerald mine had produced 32.01-million carats for the year, at an average grade of 191 ct/t and ore... 


Kagem signs wage deal with Zambian unions
26th January 2022 By: Marleny Arnoldi

Emerald mining company Kagem Mining has signed a collective agreement with unions, which will result in employees receiving e a 10% increase in basic salary for this year, followed by a further 10%... 


Kagem optimistic about Zambia’s gemstone future
11th January 2022 By: Tasneem Bulbulia

Gemstone miner Kagem Mining has reinforced the Zambian government’s optimistic outlook for the future of Zambia’s gemstone and wider mining sector. Kagem on January 7 hosted Mines and Minerals... 


Gemfields launches transparency-measuring initiative
10th January 2022 By: Donna Slater

Gemstone miner Gemfields is calling on governance bodies, mining organisations, industry observers and host governments to adopt the G-Factor for Natural Resources – a new measure promoting greater... 


Platinum grain product
Gemfields simplifies stake in Sedibelo Platinum Mines
7th January 2022 By: Donna Slater

With ongoing plans to dispose of its entire interest in Sedibelo Platinum Mines (SPM), gemstone miner Gemfields confirms that interposed vehicle Pallinghurst Ivy Lane Capital (Ivy Lane), which held... 


Gemfields earns record revenues at latest Montepuez ruby auctions
10th December 2021 By: Creamer Media Reporter

Gemstone miner Gemfields' latest series of mini-auctions for rubies mined at the Montepuez mine, in Mozambique, has generated a record $88.4-million in revenue. Of the 107 lots on offer during the... 


Gemfields' latest emerald auctions generate a record $37.9m in revenue
7th December 2021 By: Creamer Media Reporter

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... 


A picture of a 7 525 ct green gemstone named Chipembele
Gemfields unearths largest gem to date at Kagem, names it Chipembele
8th November 2021 By: Donna Slater

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... 


Rough emaralds from Gemfields Kagem mine
Zambian emeralds to go on auction on Nov 23
3rd November 2021 By: Marleny Arnoldi

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... 


Gemfields appoints Sacco to the board
12th October 2021 By: Marleny Arnoldi

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,... 


AHIL increases stake in Gemfields to 26.17%
30th September 2021 By: Creamer Media Reporter

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... 


Assore buys more shares in Gemfields
22nd September 2021 By: Mariaan Webb

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 records strong six-month performance
16th September 2021 By: Tasneem Bulbulia

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... 


Assore International Holdings acquires 5% interest in Gemfields
9th September 2021 By: Simone Liedtke

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... 


Gemfields generates highest-ever emerald auction revenue
12th August 2021 By: Simone Liedtke

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... 


Gemfields increases production after disruptions of 2020
2nd August 2021 By: Donna Slater

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... 


An image of a woman's hands holding a gemstone
Gemfields seeks to promote greater transparency with G-Factor for Natural Resources
13th July 2021 By: Tasneem Bulbulia

Gemstone producer Gemfields is inviting collaboration, input and support from governance bodies, mining organisations, industry observers and host governments in adopting the G-Factor for Natural... 


Gemfields comments on share price spike, expects solid interim revenue
9th July 2021 By: Marleny Arnoldi

Aim- and JSE-listed Gemfields says there is no disclosable unpublished price-sensitive information relating to the company at the moment, following an increase in the company’s share price over the... 


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Healthy ruby supply and demand are expected this year
Ruby mine recovery on horizon
4th June 2021 By: Nadine Ramdass

Insurgent attacks and Covid-19 have had a significant impact on the Mozambican mining industry, says Gemfields CEO Sean Gilbertson. The investment climate in Mozambique, particularly Cabo Delgado –... 


MRM made 500 bulk kits with basic food products available for distribution
Aid critical amid unstable climate
4th June 2021 By: Nadine Ramdass

Dual-listed Gemfields Mining subsidiary Montepuez Ruby Mining (MRM) – a joint venture (JV) with Mozambique-registered company Mwiriti – has prioritised humanitarian services amid insurgent attacks... 


MAINTAINING CRITICAL OPERATIONS
Operations at Kagem mine, suspended for a year until March 2021, were expected to ramp back up to full scale by the end of April
Company announces emerald auction results
14th May 2021

Emerald miner Gemfields, which operates the Kagem emerald mine in Lufwanyama, Zambia, last month announced the results of an emerald auction comprising a series of five sequential mini auctions... 


Kagem mine helps employees get vaccinated
7th May 2021 By: Marleny Arnoldi

London-listed Gemfields’ subsidiary Kagem Mining, based in Zambia, has successfully had 250 staff vaccinated against Covid-19. Kagem has been facilitating voluntary mass vaccination of its... 


Gemfields generates $31m in April emerald mini auctions
19th April 2021 By: Tasneem Bulbulia

Dual-listed Gemfields generated $31.4-million in revenue from a series of five sequential mini auctions from April 15 to 17. Fifty-nine companies placed bids, with the mini auctions achieving an... 


Gemfields generates first ruby revenue in 15 months
9th April 2021 By: Marleny Arnoldi

London-listed Gemfields has generated revenue of $58-million from seven online ruby auctions held during March 15 to April 8. The average selling price was $171.33/ct. 


Gemfields reports $93m net loss on back of restricted auctions
30th March 2021 By: Marleny Arnoldi

Aim- and JSE-listed Gemfields says its full-year results reflect the magnitude of the impact that Covid-19 has had on the company, rendering it unable to hold auctions in its traditional format... 


Montepuez mine, Mozambique
Montepuez mine, Mozambique
26th March 2021 By: Sheila Barradas

A ruby mine in Delgado province, in north-east Mozambique. 


Gemfields warns of full-year loss
25th March 2021 By: Creamer Media Reporter

Gemstone miner Gemfields expects to report a net loss of $93.2-million, or R1.54-billion, for the year ended December 31, 2020, compared with a net profit of $39.1-million, or R565-million,... 


Gemfields, Sandy Leong partner on fundraising initiative
24th March 2021 By: Tasneem Bulbulia

Responsibly sourced emeralds from the Kagem mine, in Lufwanyama, Zambia, will create the centrepiece of a new fine jewellery collection by US-based designer Sandy Leong. A portion of the sales... 


Gemfields confirms phased resumption of Kagem, Montepuez operations
1st March 2021 By: Tasneem Bulbulia

Gemstone miner Gemfields on March 1 confirmed that its 75%-owned Kagem Mining emerald mine in Zambia, as well as its 75%-owned Montepuez Ruby Mining (MRM) ruby mine, in Mozambique, are set to... 


Gemfields to reopen Kagem emerald mine after nearly a year of standstill
25th February 2021 By: Marleny Arnoldi

UK-headquartered Gemfields has confirmed that its 75%-owned Kagem emerald mine, in Zambia, will reopen principal operations in a phased manner starting in the second week of March. As a result of... 


Gemfields emeralds
Gemfields' earnings impacted by limited auctions, lower output in 2020
1st February 2021 By: Marleny Arnoldi

London-listed Gemfields has advised in a market update that its 75%-owned Montepuez ruby mine, in Mozambique, had produced 1.2-million carats in 2020, while its 75%-owned Kagem emerald mine, in... 


Gemfields's emerald mini-auctions generate revenue of $10.88m
11th December 2020 By: Creamer Media Reporter

Gemstone miner Gemfields earned revenue of $10.88-million from five mini-auctions of emeralds mined at its Kagem mine, in Zambia. The mini-auctions were held between November 2 and December 11,... 


Gemfields to sell minority indirect interest in Pilanesburg Platinum Mines
13th November 2020 By: Marleny Arnoldi

Aim- and JSE-listed Gemfields has started a sales process for its 23.54% holding in Pallinghurst Ivy Lane Capital, which owns 27.64% of Sedibelo Platinum Mines (SPM), giving Gemfields an indirect... 


Gemfields holds mini-auctions to address market demand
11th November 2020 By: Donna Slater

Gemstone miner Gemfields has progressed with the planning of a series of five small and sequential emerald auctions in November and December to address market demand for specific grades, and to... 


Gemfields seeking alternatives to auctions
18th September 2020 By: Simone Liedtke

Gemstone miner Gemfields says it is unable to provide guidance as to when it might be able to host its next auction, or generate meaningful revenue from sales, with its financial results for the... 


Gemfields expects to swing to interim loss
14th September 2020 By: Marleny Arnoldi

JSE- and Aim-listed Gemfields has advised that its net loss after tax will likely be $56.7-million, or R959-million, for the six months ended June 30. This compares with a profit after tax of... 


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