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Category: Emeralds

Gemfields shares spike tied to non disclosable, sensitive information 1 Emeralds International Mining in Zambia 

Gemfields shares spike tied to non disclosable, sensitive information

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Shares in precious gemstones miner Gemfields (LON: GEM) (JSE: GML) jumped almost 10% in early trading in London for unclear reasons, which the company described later as “non disclosable unpublished price-sensitive information”.  The company, which returned to the London Stock Exchange’s market for juniors last year, revealed it expects to announce sales of $95 million for the first half of 2021, up 533% from the same period in 2020. Gemfield’s revenues fell 83% to $15 million last year, due to impact of the pandemic on the diamonds and gemstones market. THE EMERALDS AND RUBIES MINER SAID IT… Read More Here
Kagem Emerald Auction Results 2 Emeralds Mining in Zambia 

Kagem Emerald Auction Results

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Gemfields, which operates the Kagem emerald mine in Lufwanyama, has announced the results of an emerald auction comprising a series of five sequential mini-auctions held between 15 March and 17 April 2021). The proceeds of this auction will be fully repatriated to Kagem in Zambia, with all royalties due to the Government of the Republic of Zambia being paid on the full sales prices achieved at the auction. Operations at Kagem, which remained suspended for a year till March 2021as a result of the Covid-19 pandemic, are expected to ramp… Read More Here
Zambian emeralds take centre stage in fund-raising jewellery collection 3 Emeralds Mining in Zambia 

Zambian emeralds take centre stage in fund-raising jewellery collection

admin
Emeralds responsibly sourced from the Kagem mine in Lufwanyama will form the centrepiece of a new fine jewellery collection that will raise funds for the Gemfields Foundation, Gemfields’ charitable arm that supports community and conservation projects in Africa. On the heels of her 10th anniversary and the start of a new year, renowned US-based designer Sandy Leong is renewing her commitment to sustainability by collaborating with world-leading gemstone supplier Gemfields on the release of Sol, a new collection rooted in the brand’s values and featuring responsibly sourced emeralds, 18 karat… Read More Here
Gemfields warns of full-year loss 4 Gemstones Emeralds Mining in Zambia 

Gemfields warns of full-year loss

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Gemstone miner Gemfields expects to report a net loss of $93.2-million, or R1.54-billion, for the year ended December 31, 2020, compared with a net profit of $39.1-million, or R565-million, reported for the 2019 financial year. The company’s 2020 auction schedule was severely impacted by the many travel, quarantine and congregating restrictions put in place to mitigate Covid-19 contagion. The pandemic has meant that no traditional Gemfields auctions have been held since February 2020, when $11.4-million was realised from the sale of commercial-quality emeralds in Lusaka, Zambia. Gemfields subsequently conducted a… Read More Here
Responsibly-sourced emeralds take centre stage in fund raising collection 5 Emeralds Mining in Zambia 

Responsibly-sourced emeralds take centre stage in fund raising collection

admin
Responsibly-sourced emeralds from the Kagem mine in Lufwanyama will create the centerpiece of a new fine jewellery collection that will raise funds for the Gemfields Foundation – the charitable arm of Gemfields that supports community and conservation projects in Africa. On the heels of her 10-year anniversary and the start of a new year, renowned US-based designer Sandy Leong is renewing her commitment to sustainability by partnering with world-leading gemstone supplier Gemfields on the release of Sol, a new collection rooted in the brand’s values by featuring responsibly sourced emeralds,… Read More Here
Kagem to Reopen Principal Operations 6 Emeralds Mining in Zambia New Mining Projects 

Kagem to Reopen Principal Operations

admin
Having faced a significant detrimental impact stemming from the pandemic over the past year, Kagem Mining will reopen principal operations at its Lufwanyama emerald mine in a phased manner, beginning in the second week of March 2021. The reopening process will commence with the wash plant production area followed by the mining operations and is expected to complete by the second week of April 2021. This follows a suspension of all but critical operations since 30 March 2020, during which time Kagem employees (excluding those on critical operations) were placed… Read More Here
emerald Gemstones Emeralds Mining in Zambia 

Gemfields warns of bleak second-half

arnbethnic
Gemstone miner Gemfields has warned of bleak conditions for the remainder of this year, as the spread of Covid-19 continues to impact on the group.   “Conditions remain very challenging for Gemfields and for the wider gemstone sector. The effect of travel restrictions, quarantine periods and prohibitions on large gatherings, combined with rising Covid-19 infection rates in our African host nations and in India − our key market for rough emeralds – mean that conditions presently look bleaker rather than better for the remainder of 2020. “There remains considerable uncertainty as… Read More Here
Gemfields accepted as corporate member of voluntary human rights initiative 8 Mining in Zambia Emeralds Precious Stones 

Gemfields accepted as corporate member of voluntary human rights initiative

arnbethnic
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 corporate member by the Voluntary Principles on Security and Human Rights (VPSHR). The principles are a globally recognised initiative by governments, companies and nongovernmental organisations (NGOs) to confront human rights abuses and violations, and have become the common standard implemented across a variety of industries, guiding companies on how to conduct their security operations while at the same time… Read More Here
emeralds Emeralds International Mining in Zambia 

Gemfields launches second short film highlighting what makes emeralds special

arnbethnic
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 to give viewers an understanding of what coloured gemstones really are, where they come from and what makes them special.  This follows on the launch of the inaugural video on responsible sourcing, which coincided with World Earth Day on April 22. Fine jewellery specialist and author of the book Emerald, Joanna Hardy explains that a high-quality gemstone… Read More Here

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