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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... 


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 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... 


Fura Gems to invest more than $200m in Colombia mine over five years
15th June 2023 By: Reuters

Dubai-based miner Fura Gems will invest $200-million in its Colombia emerald mine over the next five years, an executive said on Wednesday. The company is holding its fourth auction of uncut... 


Emeralds
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 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... 


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... 


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.... 


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... 


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... 


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 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... 


ADRIAN BANKS
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... 


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. 


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

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


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 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 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... 


China possesses huge gemstone potential – Gemfields
9th September 2020 By: Donna Slater

Gemstone miner Gemfields, which operates the Kagem mine, in Zambia, and the Montepuez ruby mine, in Mozambique, has identified “huge potential” to market Zambia’s responsibly-sourced emeralds to... 


Gemfields to host virtual AGM
15th June 2020 By: Marleny Arnoldi

JSE-, Aim- and Bermuda Stock Exchange-listed Gemfields will host its annual general meeting (AGM) virtually through a live interactive webcast on June 24. The company has urged shareholders to... 


Gemfields releases third film to promote responsibly sourced gemstones
10th June 2020 By: Donna Slater

In its quest to promote Zambia’s emeralds to buyers across the world, gemstone miner Gemfields has introduced the third instalment in its short film series dedicated to coloured gemstones. The... 


MORE AND MORE 
Fura is in the process of completing the purchase and sale of interests in three additional ruby prospecting licences in Mozambique
Approval for ruby licence acquisition granted
5th June 2020

Coloured gemstone mining and marketing company Fura Gems received formal approval from the Ministry of Mineral Resources and Energy of Mozambique (MIREM) for the acquisition of a ruby licence, the... 


Gemfields accepted as corporate member of voluntary human rights initiative
26th May 2020 By: Tasneem Bulbulia

London-headquartered Gemfields, which owns the Kagem emerald mine, in Zambia, and the Montepuez ruby mine, in Mozambique, has become the first gemstone company in the world to be recognised as a... 


Gemfields launches second short film highlighting what makes emeralds special
4th May 2020 By: Donna Slater

Gemstone miner Gemfields has launched the second of four short films, the latest edition of which is dedicated to the emerald – the birthstone of the month of May. The aim of these short films is... 


Gemfields recognised as corporate member by Voluntary Principles
28th April 2020 By: Tasneem Bulbulia

Ruby and emerald miner Gemfields has become the first and only gemstone producer to be recognised as a corporate member by Voluntary Principles. A globally recognised initiative by governments,... 


WAYNE WARREN 
Sub-Saharan Africa requires an understanding that each country has its unique challenges and advantages
Bespoke approach required to mitigate African challenges
3rd April 2020 By: Theresa Bhowan-Rajah

Maximising available resources and optimising plant efficiency while minimising environmental impact is just one of the challenges that wet processing equipment manufacturer CDE continues to address.  


Gemfields seeking admission to London’s Aim market
Gemfields seeking admission to London’s Aim market
17th January 2020 By: Simone Liedtke

Gemstone miner Gemfields intends to seek admission to trade on the Aim market of the LSE. The company does not intend to raise capital in conjunction with the admission, which it expects will... 


Gemfields’ latest auction nets $71.5m
17th December 2019 By: Simone Liedtke

Dual-listed Gemfields sold about 88% of its lots on offer at its most recent auction, spanning December 10 to 14, in Singapore. Of the 104 lots offered, 91 were sold, generating auction revenues of... 


Kagem invests in blockchain tech to ensure gemstone traceability
21st November 2019 By: Creamer Media Reporter

Emerald miner Kagem Mining is introducing a new blockchain technology at its Zambian mine that enables gemstones to be traced back to the mine. Kagem's parent company Gemfields has partnered with... 


Gemfields chairperson Brian Gilbertson
Gemfields delivers varied interim results, remains intent on London listing
20th September 2019 By: Simone Liedtke

Dual-listed Gemfields, which remains intent on listing on the Aim, delivered a “profitable, but varied” performance during the first half of the year, ended June 30, chairperson Brian Gilbertson... 


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