Price of Diamonds

Where the world comes to find
out about diamonds


Price of Diamonds Home
Price of Diamonds
Diamond Listings
Diamond Buying Checklist
Diamond Glossary
Other Gemstones

Diamond Prices Lists and Charts
GIA and IGI Diamond Prices
Diamond Price List
Diamond Charts
Weight Categories
Carat Weight & Size Charts
Calibration Charts
Proportions of Diamonds

Appraising Diamonds
American Gem Society
European Gemological Laboratory
Gemological Institute of America
Diamond Certification Laboratory of Australia
Diamond Appraisal
Diamond Appraisers
ATGA Codes
Laboratory List
Diamond Testing
Diamond Broker
Appraisal abbreviations

Diamond Basic Information
Diamond Facts
Diamond Ring Tension Setting
DeBeers Diamonds
Diamond Formation
The 4 C's of Diamonds
Buy Diamonds
Diamond Clarity
Diamond Color
Diamond Cut
Diamond Weight
Diamond Flaws
Harmonized System Codes

Additional Information
How to Buy Loose Diamonds
Diamond Selling
Diamonds in Canada
Diamonds - How to Clean
Da Vinci Diamond Cut
Diamond Fakes
Diamond Archives
How to Sell Your Diamond
Famous Diamonds
Diamond Formation
Diamond Properties
Diamond Cutting
Diamond Substitutes

Price of Diamonds Expert Author Alerts
Sign up to receive email alerts of new articles from Price of Diamonds on EzineArticles.com!

Email Address:

This site is monitored by www.montastic.com

stumble upon

Gemfields unearths a 40 carat ruby

40 carat ruby

Gemfields, one of the leading suppliers of gemstones has just announced it has ‘unearthed an “exceptional” 40-carat ruby at its Montepuez mine’ in Mozambique.

Gemfields PLC, described as an AIM listed multinational natural resources company, specializes in high quality emeralds, amethysts and rubies from its mines on the African Continent.

The gemstone miner, who also owns the largest emerald mine in the world at Kagem, Zambia, stated it expected the ruby to be sold at auction in Singapore before the end of the year (2014).

Chief executive of Gemfields, Ian Harebottle, said: “As an African by birth and at heart, I am exceedingly proud that possibly one of the finest rubies to have been discovered in recent generations has been unearthed from African soil.”

Gemfields have been having problems with its Fabergé jewellery brand and hopes to turn Fabergé around to a profit status within two years. While Gemfields, under the leadership of Harebottle, has seen a satisfactory 50 percent increase in its valuation this year with its share price now valuing the company at $415 million, it is still haemorrhaging one million dollars a month from the Fabergé Brand. Gemfields had planned to increase the number of Fabergé outlets but will scale that back to 12 to 15 over the coming years.

“All things being equal, we should certainly be a $1 billion business in the next 18 months. At that stage we would move from the AIM market to (London’s) main board. And from there, who knows?” Harebottle said. “Within the next two to three years I might sit my guys down and say ’shall we buy De Beers’?”

De Beers, the world’s largest diamond miner by value, is currently majority owned by diversified miner Anglo American since they bought it several years ago, and is worth roughly $15 billion.

“There is nothing wrong with Anglo but it’s mostly an iron ore company … in gemstones it is about the right tonnes and about promotion,” Harebottle said.
“We don’t have to be as big as them to buy them. We just have to be going in the right direction and convince the shareholders that they would be better off with us.”

Gemfields PLC is an AIM-listed multinational natural resources company headquartered in London, United Kingdom, specialising in the mining, processing and sale of coloured gemstones, in particular emeralds and rubies.

Stock price: GEM (LON) 50.00 GBX 0.00 (0.00%) 26 Nov 5:21 pm GMT -

To Top of Price of Diamonds

Who Are We | Disclaimer | Feedback | Link to Our Site | Diamond Links | Terms

Copyright © 2006-2017 ALL RIGHTS RESERVED. Technical Author Services Pty Ltd. ACN. 126 773 126. ABN 62 122 488 508 A private limited company incorporated in Victoria, Australia.
Webmaster: Technical Author Services Pty Ltd