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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... 

De Beers approves $1bn spending at Botswana mine
De Beers approves $1bn spending at Botswana mine
10th January 2024 By: Reuters

Global diamond giant De Beers said it will go ahead with a planned $1-billion investment to extend the life of its flagship Jwaneng mine in Botswana, even as last year's downturn in gem demand... 

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... 

A person holding a rough diamond
Angola's new diamond mine opens against backdrop of weak demand
28th November 2023 By: Reuters

Angola has officially started diamond mining at its new Luele project, the biggest in the country and one of the world's largest by estimated resources, it said on Monday, at a time when global... 

A diamond mine operated by Alrosa
G7 plan to ban Russian diamonds to further dim industry sparkle
31st October 2023 By: Reuters

The global diamond sector is scrambling to get ahead of an upcoming G7 ban on Russian gems, with consumers and producers battling to manage ever more complex supply chains against a backdrop of... 

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... 

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... 

An image of Kenmare Resources' mineral separation process
Unlocking opportunities through addressing regional issues
9th June 2023 By: Nadine Ramdass

Despite growth in the Mozambique mining industry, operations continue to encounter challenges – such as poor public infrastructure, inefficient logistics networks, equipment supply constraints and... 

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... 

Automotive market continues to drive platinum demand – WPIC
12th May 2023 By: Marleny Arnoldi

The automotive market will remain the biggest demand segment for platinum for the foreseeable future, comprising between 31% and 46% of total demand, as it has for the last five years, reports the... 

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... 

Bushveld Minerals CEO Fortune Mojapelo
Energy transition offers great opportunities to Africa, but constraints are significant
7th February 2023 By: Rebecca Campbell

The global transition to low- and zero-carbon energy sources was a once-in-a-generation opportunity for Africa, just as the original Industrial Revolution had been for the West, highlighted... 

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... 

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... 

The proposed changes to the Mines and Minerals Development Act are expected to encourage development at all levels of the mining sector and sustained investment in small-scale and gemstone exploration projects
MMDA review expected to be extensive
16th September 2022 By: Tracy Hancock

Law firm Webber Wentzel expects the review of Zambia’s Mines and Minerals Development Act (MMDA), No 11 of 2015, to take a considerable amount of time to complete, as the current government... 

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... 

Global diamond trade fractures under the weight of Russia sanctions
13th May 2022 By: Bloomberg

Russia’s invasion of Ukraine is fracturing a billion-dollar trade that spans the permafrost-laden diamond mines of Siberia, secretive trade houses in Antwerp, dusty polishing powerhouses in India... 

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... 

Magnum sells South African emerald project
24th March 2022 By: Esmarie Iannucci

ASX-listed Mangum Mining and Exploration has struck a deal to divest of its 74% interest in the Gravelotte emerald project, in South Africa, for A$2-million. Magnum on Thursday announced that it... 

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... 

Platinum industry expected to take off
11th February 2022 By: Claire O'Reilly

Global platinum investment organisation the World Platinum Investment Council (WPIC) believes that the current state of the platinum group metals (PGMs) industry is, overall, buoyant as PGMs... 

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... 

Pluczenik re-enters South African diamond cutting and polishing market with factory in Bedfordview
Pluczenik re-enters South Africa, opens local diamond cutting facility
2nd November 2021 By: Marleny Arnoldi

Global diamond manufacturer and trader Pluczenik Diamond Company has made a re-entry into the South African market by partnering with a local entrepreneur to open a diamond cutting and polishing... 

Nigerian Minister wants death penalty for gold smuggling
16th September 2021 By: Bloomberg

Gold smugglers in Africa’s largest economy deserve the death penalty, Nigeria’s deputy minister in charge of mining development said. Uche Ogah, minister of state for mines and steel development,... 

Cover image
President Hichilema raises fresh hope for Zambia’s mining industry
10th September 2021 By: Tasneem Bulbulia

Hakainde Hichilema's triumph over incumbent President Edgar Lungu in last month's general elections has kindled much optimism that better fortunes are in store for Zambia's copper-heavy mining... 

Cover image
President Hichilema raises fresh hope for Zambia’s mining industry
10th September 2021 By: Tasneem Bulbulia

Hakainde Hichilema's triumph over incumbent President Edgar Lungu in last month's general elections has kindled much optimism that better fortunes are in store for Zambia's copper-heavy mining... 

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 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... 

Displays at the Johannesburg Geology Museum before flood damage occurred
Johannesburg Geology Museum laments threats, frustrations
30th June 2021 By: Marleny Arnoldi

The Geological Museum Association (GMA) has lamented the continued challenges, including theft, flood damage and lack of funding, experienced by the Johannesburg Geology Museum over the last... 

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 –... 

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... 

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... 

Tanzania finalising permit for its first rare-earth metals mine
5th November 2020 By: Bloomberg

Tanzania is in the final stages of approving a permit for the country’s first rare earths mine to Australian company Peak Resources as the government seeks a bigger share of revenue from natural... 

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... 

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