RapNet


Rapaport News

 

Search Results

   
Rapaport Broadcast
Martin Rapaport’s Webinar on Estate Jewelry
October 30 2019

Advanced search
Latest Articles
Videos
Features
News
Mining
Rough Markets
Polished Markets
Manufacturing
Retail
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
Ahmed Bin Sulayem and President Filipe Nyusi of Mo
KP in Membership Talks With Mozambique
The Kimberley Process (KP) chair met Mozambique’s Presidentand Prime Minister to discuss the country’s bid to join the KP.Ahmed Bin Sulayem (pictured, right) spoke with President Filipe Nyusi (left) andPrime Minister Carlos...
Fair Trade Nov 06, 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
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
Mustang Resources
Australia’s Mustang Resources Raises $4.1M to Progress Mozambique Projects
Australia’s Mustang Resources Ltd raised $4.1M (AUD 5.75million) to progress its diamond, ruby and graphite projects as well asaccelerate the Mozambique-focused miner’s near-term growth strategy.Bulk sampling on three “highly prospective” ruby explorationlicenses that...
Mining Nov 25, 2015 John Costello
mustang
Mustang Resources Recovers Diamonds in Mozambique
Mustang Resources Ltd. recovered 16 gem-quality rough diamonds from a pit sampling program at its Save River diamond project in Mozambique, downstream from Zimbabwe's Marange diamond fields. The program, which began on March 23, led...
Mining Jun 16, 2015 Jeff Miller
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
Previous 1 Next
Show articles per page




Call Us: 1-702-893-9400
Member License Agreement   RapNet Trading Rules & Code of Conduct    Privacy Policy  
  
twitter twitter
About Rapaport
Advertise with us