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GIA ruby overgrowth
GIA Spots Lab-Grown Ruby Layer on Natural Stones
Attempts to upgrade the size and color ofgemstones using a layer of synthetic material have been around for decades, butsigns indicate the techniques are changing.The Gemological Institute of America (GIA) recently received two loose,...
Technology Mar 19, 2018 Rapaport News
World Ruby Forum 2017
Thailand Hosts World Ruby Forum
Gemologistsfrom around the world gathered at the World Ruby Forum in Bangkok on Saturday, whereleading industry figures spoke about supply, marketing and certification of thered gemstone.The forum —a showcase for rubies manufactured in Thailand — was in line...
Gemstones Nov 05, 2017 David Brough
Bhagat Ruby Ring
Ruby Outsells Blue Diamond at Sotheby’s Auction
A ruby and diamond ring by Indian jeweler Bhagat was the top lot at Sotheby’s Hong Kong Magnificent Jewels and Jadeite sale last week, while a rare blue diamond ring failed to meet its reserve...
Polished Markets Oct 08, 2017 Rapaport News
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
Gemfields emeralds
Gemfields Faces Buyout from Main Investor
Gemfields’ largest shareholder has made an offer to acquire the53% of the gemstone miner it does not already own, in a bid to restructure thecompany and make it more profitable.Pallinghurst Resources, a mining-focused private equityfirm, has offered Gemfields investors...
Mining May 21, 2017 Rapaport News
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
Green Diamond - Bonhams
Green Diamond to Lead Bonhams Auction
A fancy-color green diamond ring will lead Bonhams’ “Rare Jewels and Jadeite” sale in Hong Kong next month, with the auction house expecting the piece to fetch $400,000 to $490,000.The radiant-cut, 5.03-carat stone is surrounded...
Polished Markets Apr 23, 2017 Rapaport News
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
true north gems
True North Gems Greenland Files for Bankruptcy
True North Gems’ Greenland subsidiary TrueNorth Gems Greenland A/S (TNGG) has initiated voluntary bankruptcyproceedings after it failed to secure the necessary funding from financers andcreditors.TNGG’s main asset is theAappaluttoq ruby and pink sapphire...
Mining Sep 08, 2016 Rapaport News
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
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
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
Christie's Jubilee Ring ruby and diamond
Christie’s to Auction 16-Carat Ruby and Diamond Ring
Christie’s will auction a ruby and diamond ring for anestimated $12 million to $15 million at its Magnificent Jewels sale in New Yorkon April 20. The oval-shaped, 15.99-carat 'Jubilee Ruby' within a circular-cutdiamond and polished...
Retail Mar 24, 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
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
true north gems
True North Begins Mining at Greenland’s Aappaluttoq Deposit
True North Gems Inc. has announced the start of miningoperations at the Aappaluttoq Ruby and Pink Sapphire deposit in south west Greenland.The Canadian exploration company’s board has approvedextraction plans submitted by its joint venture...
Mining Dec 06, 2015 Rapaport News
Christie’s Breaks Auction Record with $18M Ruby Sale
Christie’s sold an “exceptionally rare” Burmese ruby for $18 million(HKD 142 million) at its Magnificent Jewels auction in Hong Kong, setting aworld auction record for a ruby of $1.2 million per carat.In addition to the ‘The...
Gemstones Dec 03, 2015 Rapaport News
Gemfields’ 1Q Emerald and Beryl Production Jumps 10%, Ruby and Corundum Plummet 83%
Colored gemstone miner Gemfields reported emerald and berylproduction from its Zambian subsidiary Kagem Mining Limited jumped to 7.5 million carats in the first quarter to September 30, a 19 percentsurge from a year ago. The average...
Gemstones Nov 18, 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
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