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Gemfields Exits Amethysts, Adds Gold
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Gemfields has sold its 50% stake in a Zambian amethyst mine to enable it to focus on its core assets, it said Wednesday. The sale of the Kariba Minerals deposit to ZCCM InvestmentsHoldings for $2.5 million will allow Gemfields...
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Mining
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Jun 27, 2019
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Rapaport News
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Pallinghurst Rebrands as Gemfields Group
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Pallinghurst Resources has changed its name to GemfieldsGroup as it turns its primary focus to colored gemstones. The group’s shareholders overwhelmingly voted in favor ofthe change at its annual general meeting Tuesday. It will use the new...
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Mining
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Jun 27, 2018
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Rapaport News
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Gemfields Sells $72M at Record Auction
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Gemfields recorded record revenue of $71.8 million at its June ruby auction in Singapore, thecolored-gemstone supplier said Monday. The miner sold588,656 carats of rough, untreated rubies from the Montepuez mine in Mozambique, at an average price of $122...
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Polished Markets
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Jun 12, 2018
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Rapaport News
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Nirav Modi Crisis Hits Gemfields
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Proceeds slumped at Gemfields’ May auction ofhigher-quality rough emeralds as the Nirav Modi fraud case hurt Indian demand,the miner reported last week. Most of the company’s emerald clients are based in India,where the gemstone...
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Gemstones
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May 27, 2018
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Rapaport News
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Ruby Demand Robust at Gemfields Sale
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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...
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Gemstones
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Nov 16, 2017
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Rapaport News
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Gemfields Names Post-Takeover CEO
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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...
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Gemstones
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Aug 07, 2017
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Rapaport News
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