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DMRE denies allegations that it is ignoring claims of illegal sugilite mining
10th March 2025 By: Darren Parker

The Department of Mineral Resources and Energy (DMRE) has denied allegations from PP Gemstones that it is ignoring illegal sugilite mining by Black Rock mine and failing to respond to legal... 


Temporary 21-day export ban only applies to artisanal gemstones, Malawi govt clarifies
17th February 2025 By: Darren Parker

Following the February 12 announcement of the placing of a temporary ban on the exports of all minerals from Malawi, the country’s Ministry of Mining has moved to clarify its position. “The... 


coloured gemstones
New report highlights lack of transparency in coloured gemstone industry
4th February 2025 By: Darren Parker

A new report from coloured gemstones miner Gemfields on the emerald, ruby and sapphire markets “… serves as a reminder of how far the coloured gemstone industry still has to go to reach the levels... 


Dr John Bristow
Centenary of diamond prospecting and mining along South Africa’s West Coast
15th January 2025

In this article, Dr John Bristow of the Overberg Geoscientists Group writes about the centenary of diamond prospecting and mining along the West Coast of South Africa and the legends that shaped... 


An image showing Kagem Mining
Gemfields urges Zambia to reconsider emerald export duty
8th January 2025 By: Tasneem Bulbulia

London-listed Gemfields said on Wednesday that it would lobby the Zambian government to suspend the newly reinstated 15% export duty on precious gemstones, which would directly impact the emeralds... 


An image of the Montepuez ruby mine
Gemfields reports positive auction results in current market conditions
12th December 2024 By: Tasneem Bulbulia

Gemstone miner Gemfields recorded revenues of $46.2-million from its latest auction of mixed-quality rough ruby recovered at the Montepuez ruby mine, in Mozambique. Of the 102 lots on offer, 97... 


Gemfields achieves 70% sales at auction
22nd November 2024 By: Sabrina Jardim

Gemstone miner Gemfields earned total auction revenues of $16.1-million at its latest auction of higher-quality emerald. It sold 30 of the 43 lots on offer, with 141 084 ct of the 200 460 ct on... 


An image showing the Montepuez Ruby Mine
Gemfields warns of lower interim earnings, revenue
25th September 2024 By: Tasneem Bulbulia

Dual-listed Gemfields expects to report earnings a share of R11.80 for the six months ended June 30 – a 21% decrease from the earnings a share of R14.90 reported for the first half of 2023.... 


First trial sale of emeralds from URA's Gravelotte mine delayed
17th September 2024 By: Creamer Media Reporter

London-listed URA Holdings, which operates the Gravelotte emerald mine, in Limpopo, South Africa, has had to postpone the first trial sale of gemstones in Thailand, owing to the delay in clearance... 


Gemfields notes robust demand for commercial-quality sapphire, ruby during its latest auction
5th September 2024 By: Creamer Media Reporter

Johannesburg- and London-listed gemstone miner Gemfields received revenue of $2.3-million from the auction of predominantly commercial-quality sapphire, corundum and commercial-quality ruby from... 


Emeralds recovered at the Gravelotte mine
URA reports improved recovery rate at Gravelotte; readies for first trial emerald sale
22nd July 2024 By: Creamer Media Reporter

London-listed gemstone miner URA Holdings will hold its first trial emerald sale for gemstones recovered from its Gravelotte mine, in South Africa, later this year. The company reports in an update... 


Rubies produced at the Montepuez mine
Gemfields earns $68.7m in revenue from June ruby auction
19th June 2024 By: Tasneem Bulbulia

London-listed Gemfields Group recorded total auction revenues of $68.7-million from the June auction of mixed-quality rough rubies recovered from the Montepuez ruby mine, in Mozambique. The group... 


Bruce Cleaver
Gemfields appoints former De Beers exec Cleaver as chairperson
11th June 2024 By: Creamer Media Reporter

Former CEO and co-chairperson of diamond miner De Beers Bruce Cleaver will join the board of gemstone miner Gemfields as chairperson from July 1. He will succeed Martin Tolcher, who is stepping down. 


MOZAMBIQUE POTENTIAL
Mozambique continues to attract international interest and aims to bolster its position as a key mining hub in Southern Africa
Long-term unlocking of vast resources potential gaining ground
7th June 2024 By: Simone Liedtke

Mozambique’s mining industry has been a significant driver of economic growth over the past two decades. With vast mineral resources, including heavy sands, coal, magnetite, graphite, lithium, gold... 


An image showing a gemstone from Gemfields
Gemfields earns $35m from May auction of higher-quality emeralds
31st May 2024 By: Tasneem Bulbulia

Miner and coloured gemstones marketer Gemfields Group earned total revenue of $35-million from an auction of higher-quality rough emeralds held from May 13 to 30. The rough emeralds sold were... 


lithium ore
Zimbabwe leading the sub-Saharan African lithium mining boom
13th May 2024 By: Darren Parker

The past three years have witnessed a surge in hard-rock pegmatite lithium mining activity across Southern Africa, according to consultancy firm AmaranthCX. “While Zimbabwe has emerged as the... 


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... 


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... 


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... 


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... 


MMADIKA MOLOI
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... 


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pqt: 0.197s - ct: 1.81s - 493pq - 2rq
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