Gemfields auction revenue falls as market softens
Coloured gemstones miner Gemfields (LSE: GEM; JSE: GML) fetched US$121 million in revenue from auctions in the six-month period to June 30, a 17% decline from a year ago as…
Gemfields
Gemfields fetches almost US$69M at ruby auction
Coloured gemstones miner Gemfields (LSE: GEM; JSE: GML) said on Wednesday it sold almost US$69 million of mixed-quality rubies at its June auction, with 97% of the offering gone. The…
Gemfields picks ex-De Beers boss Bruce Cleaver as new chair
Emeralds and rubies miner Gemfields (LSE: GEM; JSE: GML) has appointed former De Beers chief executive, Bruce Cleaver, as chair and independent non-executive director. Cleaver, who was at the helm…
Gemfields studies 2 grams-a-tonne gold in Mozambique
Africa-focused Gemfields (LSE: GEM; JSE: GML), known by its emeralds and rubies, has produced its first resource estimate for the Nairoto gold project in Mozambique showing high grade from a…
Gemfields’ sparkle dims, profit falls 86% on nixed sale
Coloured gemstones miner Gemfields (LSE: GEM) posted on Monday a 86% drop in pre-tax profit for 2023 due partly to the cancellation of a high-quality emerald auction in November, a lower…
Gemfields warns of $2.8 million loss on writedown
Precious gemstones miner Gemfields (LSE: GEM) warned on Friday that it expects to swing to a loss of US$2.8 million in 2023 from a US$74.3 million profit the previous year…
Gemfields says rubies making headway in Chinese market
Rubies are becoming the favourite coloured stones among Chinese consumers, with about 61% of the population considering them a “desirable” item and about 55% buying rubies in the past year,…
URA raises $1.7M to restart South African emerald mine
Africa-focused URA Holdings (LSE: URAH) has raised £1 million ($1.7 million) in an effort to restart operations at its 74%-owned Gravelotte emerald mine, in South Africa’s Limpopo province. The company,…
Strong market for emeralds, rubies, lifts Gemfields revenue to a record high
Shares in coloured gems miner Gemfields (LSE: GEM; JSE: GML) climbed more than 5% on Friday after it posted record revenue for 2022, exceeding the US$300-million mark for the first time….
Gemfields evacuates exploration camp in Mozambique after attack
Africa-focused Gemfields (LSE: GEM; JSE: GML) said on Tuesday it had suspended operations and was evacuating personnel from its Nairoto exploration camp in Mozambique following an attack on a nearby village….
Massive emerald cluster sets new record at Gemfields auction
Africa-focused Gemfields (LSE: GEM; JSE: GML) racked up US$30.8 million in revenue from its latest emerald action, which included a massive cluster of emeralds weighing 187,775 carats (37,555 grams). The Kafubu…
Gemfields swings to profit as it reopened mines
Precious gemstones miner Gemfields (LSE: GEM; JSE: GML) has swung to a first-half net profit after it reopened mines and demand for its emeralds and rubies surged. The company, which returned to the London Stock Exchange’s…