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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.... 


emeralds
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... 


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 –... 


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