Emeralds - Copperbelt Katanga Mining

Gemfields Auction Yields USD 17.1 Million in Commercial-Quality Emeralds

April 21, 2024April 21, 2024 Constance0 comment

Gemfields has concluded another successful auction of commercial-quality rough emeralds, held from March 5 to March 22, 2024. The auction, conducted by Gemfields’ subsidiary Kagem in Zambia, generated total revenues of USD 17.1 million, with 40 out of 43 lots sold, achieving a remarkable 93% sales rate. Key Highlights: .Total auction revenues reached USD 17.1 million. .43 lots were offered, with 40 lots successfully sold, accounting for a 93% sales rate. .The average price per carat stood at USD 4.45. .Since July 2009, Kagem auctions have amassed total revenues of… Read More Here

Mining in Zambia Emeralds Gemstones

Women Break Ground in Heavy Machinery Operation at Kagem Mining

February 16, 2024February 16, 2024 Constance

In a revolutionary shift towards gender diversity and inclusion, Kagem Mining is rewriting the narrative of women in the mining industry. What was once considered an unconventional sight—women skillfully maneuvering heavy-duty machinery—is now becoming a norm at the emerald mine, challenging traditional gender stereotypes and fostering an environment of empowerment. The journey towards inclusivity began in 2022 when Kagem welcomed four female heavy equipment operators into its workforce. Since then, the mine has made remarkable strides, recently incorporating an additional 11 female operators, totaling 14 women in this role alone.… Read More Here

Mining in Zambia Diamond Emeralds Precious Stones

Zambia Tops Global Emerald Production but Faces Local Industry Dilemma

December 15, 2023December 15, 2023 Constance

Amidst Cheers and Conundrums in Emeralds Zambia claims the crown in global emerald production, marking a milestone in President Hakainde Hichilema’s tenure. This success, however, is shadowed by a perplexing issue: local companies in Zambia are unable to acquire these precious stones from their homeland. The enigmatic reasons behind this oddity cast uncertainties on the gemstone market and the Zambian economy. While Zambia revels in its emerald prowess, the inability of domestic companies to secure these stones poses a dilemma. This paradox poses a threat to the growth of the… Read More Here

Mining in Zambia Emeralds Gemstones

Emeralds and rubies continue to give Southern Africa exceptional gemstone hues

October 5, 2023October 5, 2023 Constance

Southern Africa continues to dazzle the world with its stunning gemstones, as the lush green emeralds of Zambia and the fiery red rubies of Mozambique paint a vibrant picture of the region’s rich mineral wealth. Zambia’s emeralds, some of the oldest on our planet, owe their mesmerizing green hue to a geological dance that unfolded over 500 million years ago. The intricate interplay of beryllium, chromium, and vanadium during their formation is what bestows these emeralds with their vivid and alluring color. Meanwhile, Mozambique boasts a bountiful treasure trove of… Read More Here

Emeralds Mining in Zambia Mining tax

Kagem continues to spearhead transparency on tax in Zambia

February 27, 2023February 27, 2023 arnbethnic

Gemfields, which operates the Kagem emerald mine in Lufwanyama, has announced updated figures to the end of December 2022 for the ‘G-Factor for Natural Resources’, a measure promoting greater transparency regarding the level of natural resource wealth shared with the governments of host countries, whether from the mining, oil, gas, timber or fishing sectors, launched in July 2021. Gemfields once again invites governance bodies, mining organisations, industry observers and host governments to adopt the G-Factor for Natural Resources in order to improve transparency when it comes to the share of natural… Read More Here

Emeralds Mining in Zambia

Gemfield’s latest emerald auction included 37 kg “Kafubu Cluster”

November 21, 2022November 21, 2022 Johannsen

Gemfields has announced the results of an emerald auction comprising a series of five sequential mini auctions held during the period 30 October – 17 November 2022. The auction contained a selection of grades that are typically offered at Kagem Mining auctions of higher quality emeralds. In addition, the auction included a 37kg special interest piece called the “Kafubu Cluster”. The auction lots were made available for in-person and private viewings by customers in Bangkok. Following the viewings, the auctions took place via an online auction platform specifically adapted for… Read More Here

Emeralds Mining in Zambia

Zambia has moved from world’s number 3 emerald producer to number 1

November 12, 2022November 12, 2022 arnbethnic

• Zambia is now home to the world’s number one emerald mine which is Kagem mine.• In addition to that, Africa has become the number one exporter of emeralds. Emeralds and Semi-Precious Stones Mining Association of Zambia (ESMAZ) has disclosed that Zambia has moved from being the world’s third-biggest producer of emeralds to number one. Speaking during the Association’s Annual General Meeting, ESMAZ President Victor Kalesha stated that Zambia is now home to the world’s largest emerald mining giant, which is Kagem mine, following the high level of marketing which… Read More Here

Emeralds Mining in Zambia

Gemfields launches jewellery collaboration featuring Kagem Zambian emeralds

November 12, 2022November 12, 2022 arnbethnic

LUFWANYAMA, ZAMBIA – Kagem’s parent company Gemfields has unveiled a new partnership with emerald specialist brand House of Meraki to showcase a jewellery collection that features emeralds sourced from the Lufwanyama-based mine. The exquisite creations of Zambian emeralds from the collection, named J’aime, feature earrings, from dainty studs to stylish hoops – as well as rings, bracelets, necklaces and pendants, which pair delicate emeralds with 18k yellow gold, and occasionally diamond and pearls. Kagem is believed to be the world’s single largest producing emerald mine; it is 75% owned by Gemfields, in a… Read More Here

Emeralds Mining in Zambia

Kagem unveils colossal 37kg cluster of emeralds

November 4, 2022November 4, 2022 Copperbelt Katanga News

LUFWANYAMA, ZAMBIA – Lufwanyama-based Kagem Mining continued to put Zambia’s gemstones at the forefront of world demand this week as it unveiled a giant 37kg cluster of emeralds. The team’s find – named the Kafubu Cluster – is expected to be the most expensive single emerald piece ever sold by the company when it comes up for auction this month, generating foreign exchange for the nation as proceeds are repatriated to Zambia. Geologists at Kagem have “freed the emerald crystals from their host rock.” The result is a large mass, filled with… Read More Here

Gemstones Emeralds Mining in Zambia

Gemfields anticipates more than 50% increase in net profit

October 3, 2022October 3, 2022 Copperbelt Katanga NewsGemstones, Zambia

Gemfields believes it is reasonably certain that its net profit after tax will be US$56.7 million for the six months ending 30 June 2022, comparative to a six-month period of US$23.8 million. Gemfields’ two key operating assets, MRM and Kagem, generated revenues of US$95.6 million and US$85.2 million respectively during the six-month period to 30 June 2021. 2022 saw the group return to its normal auction schedule of two emerald auctions and one ruby auction in the first half of the year. Following on from the strong auction results in… Read More Here