Gemfields has released the latest data for its proprietary G-Factor for Natural Resources initiative, reinforcing its ongoing commitment to transparency in natural resource revenue distribution. The updated figures, reflecting data through 31 December 2024, provide a clear look at how much of the company’s gemstone revenues are shared with host governments in the form of […]
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]]>Goldsmiths has teamed up with Gemfields to launch a stunning new three-piece capsule collection celebrating the vibrant energy of spring. Designed to evoke the season’s first green shoots, the collection features ethically sourced Zambian emeralds set in 18ct yellow gold. This limited-edition suite includes a ring, earrings, and a necklace—each showcasing Gemfields’ responsibly mined emeralds […]
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]]>Zambia has officially suspended the 15% export duty on precious gemstones and metals, a significant move poised to invigorate the nation’s emerald industry. The decision, announced by Minister of Finance Dr. Situmbeko Musokotwane, takes immediate effect and is expected to enhance the competitiveness of Zambia’s gemstone exports. The suspension benefits key players in the industry, […]
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]]>Gemfields suffered a slump in sales and prices at its latest auction of rough emeralds from its Kagem mine, in Zambia. The UK-based company blamed conflicts, elections, and economic uncertainty in China, compounded by a diary clash with an emerald competitor, reportedly selling at low prices. Gemfields sold only 61 per cent of the almost […]
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]]>Gemfields has showcased its latest Faberge egg, an intricately crafted $1.2m creation which opens to reveal a square five-carat ruby, set in a removable rose gold filigree-like sphere. It has been named Malaika, the word for “angel” in Swahili, one of the languages spoken in Mozambique, home to the Gemfields Montepuez ruby mine. It has […]
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]]>Gemfields, the British gemstone miner, says it achieved the highest ever average price per carat for rubies sold at its June auctions. The sale of 216,600 carats raised a total of £68.7m – an average $316.95 per carat. Gemfields cautioned that varying mixes of size, color and clarity means the results of each auction are […]
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]]>Gemfields Group Limited has announced the appointment of Bruce Cleaver as the new Chair of the Board, effective from 1st July 2024. Cleaver, known for his distinguished leadership and extensive experience in the gemstone mining sector, will be taking over the reins from Martin Tolcher. Cleaver will also become an independent Non-Executive Director and Chair […]
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]]>Gemfields, the British gemstone miner, reported near-record revenues of $262m for FY2023, despite lowered production of both emeralds and rubies, and the cancellation of an emerald auction. Revenue from Kagem, the Zambian emerald mine fell 40 per cent to $89.9m. Earnings at the Montepuez ruby mine, in Mozambique, fell 9 per cent $151.4m. Gemfields holds […]
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]]>Prices of rough rubies have more than doubled in the last two years, said Gemfields as it announced results of its latest sealed-bid auctions. The UK-based colored gems miner achieved an average $290 per carat earlier this month, compared to $132 in December 2021. Gemfields sold all 97 lots of mixed-quality rough rubies from the […]
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]]>Gemfields say it set a record with sales totaling $43.7m from its Kagem mine, in Zambia. The UK-based colored gems miner says it sold all 35 lots offered, comprising 264,000 carats of higher quality rough, at a series of five auctions, with viewings in Bangkok and bids made online by sealed bids. The June auctions […]
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