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Gemfields rubies
Ruby Demand Robust at Gemfields Sale
Gemfields sold $55 million worth of rough rubies inSingapore last week, the highest revenue figure the company has achieved forany auction to date. “The strong revenues from this auction…underscore the factthat market...
Gemstones Nov 16, 2017 Rapaport News
Sean Gilberton Pallinghurst
Gemfields Names Post-Takeover CEO
Gemfields’ new owner, Pallinghurst Resources, has appointedSean Gilbertson as CEO of the colored-gemstone producer following the resignationof the miner’s senior executives.Gilbertson (pictured), an executive director of Pallinghurst, is alongstanding member of Gemfields’ board and was closely...
Gemstones Aug 07, 2017 Rapaport News
Gemfields rough emerald 140
Pallinghurst to Delist Gemfields by End of July
Private-equity firmPallinghurst Resources plans to delist colored-gemstone miner Gemfields from London’s Alternative Investment Market (AIM) by the end of July after nearly 90% of Gemfieldsshareholders accepted its takeover offer.Pallinghurst saidit intends to exercise its rights...
Gemstones Jul 16, 2017 Rapaport News
ruby
Gemfields Sets $55M Auction Record
Gemfields recorded its highest auction total as it sold$54.8 million worth of rubies and corundum in Singapore last week.The sale fetched an average of $61 per carat for895,848 carats, out of just over 1 million carats that were...
Gemstones Jun 19, 2017 Rapaport News
faberge
Fabergé Shows ‘Encouraging’ Growth
Fabergé, the famed jewelry brand owned by Gemfields, recorded a 63% jump in unitsales during the third fiscal quarter, as the miner expanded its marketing efforts for the luxury business division.The number of actual sales...
Retail May 16, 2017 Rapaport News
faberge
Gemfields Emerald Production Slumps
Gemfields said production of emerald and beryl dropped 43percent in the final three months of last year as the company mined alower-grade zone of its Kagem deposit in Zambia.Output fell to 4.7 million carats in the second quarter...
Mining Feb 14, 2017 Rapaport News
Gemfields rubies
Gemfields Sees Robust Demand at Ruby Auction
Gemfields sold $30.4 million worth of rubies and corundum atan auction in Singapore last week as prices indicated a healthy market for gemstones.The company sold 1.1 million carats, out of a total 1.4 million carats offered...
Gemstones Dec 22, 2016 Rapaport News
Rough emerald
India Cash Crunch Stalls Gemfields Auction
Gemfields has pushed back a sale of higher-qualityemeralds by two months to enable Indian buyers to adapt to the government’s decisionto invalidate higher-value currency notes. The auction of stones from the Kagem mine in Zambia will nowtake place...
Gemstones Dec 04, 2016 Rapaport News
Gemfields emeralds
Gemfields Boosted by Rising Emerald Demand
Gemfields’ revenue and profit surged in the past fiscalyear, driven by record prices and successful marketing campaigns to raisedemand for the colored gemstones.Sales jumped 13 percent to $193.1 million and profit aftertax soared 90 percent to $23.5...
Gemstones Sep 26, 2016 Rapaport News
ruby
Gemfields Ramps Up Ruby Output
Gemfields’ rough ruby and corundum production exceededthe company’s guidance in the past fiscal year as output from its Montepuezmine in Mozambique jumped 23 percent.Production of 10.3 million carats in the 12 months toJune 30 was above the miner’s...
Gemstones Aug 01, 2016 Rapaport News
ruby
Gemfields Closes Loan Deal to Hike Ruby Output
Gemfields has secured $65 million of debt financing whichwill be used to ramp up ruby production and for general expenses. The facilities provide Gemfields the necessary funding tocarry out expansion plans at the Montepuez mine...
Mining Jul 05, 2016 Rapaport News
ruby
Gemfields Ruby Sale Fetches $44M
Gemfields said it islaunching a campaign to market rubies from Mozambique after the company reportedits largest sale to date for stones from the country’s Montepuez mine.The miner sold $44.3 million of rough rubies and corundum...
Gemstones Jun 20, 2016 Rapaport News
emeralds
Gemfields Sells Emeralds at Record Average Price in Zambia Auction
Gemfields achieved a record average price for“higher-quality” rough emerald at an auction in Lusaka, Zambia.The miner sold 470,000 carats for an average of $70.68 percarat at the sale in Lusaka, which ran from March 30 to April 3. Total revenue generatedwas...
Gemstones May 05, 2016 Rapaport News
Buyers at Gemfields Auction
Gemfields’ 1H Revenue -9%, Profit Slumps 65%
Gemfields reportedrevenue dropped 9.1 percent year on year to $94 million in the first half thatended December 31. Profit after tax dived 65 percent to $8.2 million.Emerald and beryl production from the Kagem mine in Zambiasurged...
Gemstones Feb 22, 2016 Rapaport News
ruby
Gemfields Achieves Average Price of $318/ct at Ruby Auction
Gemfields plcreported revenue of $28.8 million from an auction of higher- and medium-qualityrough rubies from the Montepuez ruby deposit in Mozambique.The company achieved an average price of $318 per carat, selling 90,642out of 92,136 carats, or 45 out of 49 lots,...
Gemstones Dec 21, 2015 Rapaport News
Mila Kunis
Gemfields Debuts Ruby Jewelry Ad Campaign With Mila Kunis
Gemfields released a short film promoting ruby jewelry that is modeled by its own celebrity ambassador Mila Kunis and produced by fashion photographer Jeff Burton.The short film shows dream-like images of Kunis wearing ruby jewelry...
Gemstones Jul 14, 2015 Ronen Shnidman
Gemfields
Gemfields First Ruby Auction Achieves $34M
Gemfields Plc reported that its inaugural auction of ruby and corundum from its 75 percent owned Montepuez ruby deposit in Mozambique achieved $33.5 million or an average $18.43 per carat. The auction took place in Singapore...
Gemstones Jun 18, 2014 Deena Taylor
Mila Kunis
Gemfields' 3Q Kagem Production -45%
Gemfields reported that emerald and beryl production at its Kagem mine in Zambia dropped 45 percent year on year to 3.6 million carats during the third quarter that ended on March 31, with the decline in output...
Gemstones May 04, 2014 Deena Taylor
Mila Kunis
Gemfields' 1H Revenue Soars, Profit Declines
Gemfields plc reported that its revenue soared 137 percent year on year to $65.7 million during the six months that ended on December 31, 2013. The company attributed the rise to strong demand at its...
Gemstones Mar 03, 2014 Deena Taylor
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