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Gemstone miners are ramping up production to meet strong market demand for coloured gemstones as evinced in this year’s record-breaking auction results. New gemstone deposits meanwhile open up a world of possibilities for the jewellery trade.
Gemfields’ Kagem emerald mine in Zambia
Gemfields’ Montepuez ruby mine in Mozambique
Rough emeralds from Gemfields
Rough rubies from Gemfields
Sean Gilbertson, CEO of Gemfields
5.96-carat peridots from Fuli Gemstones
14.49-carat peridot rough from Fuli Gemstones
9.06-carat peridot from Fuli Gemstones
4.07-carat peridots from Fuli Gemstones
Peridot earrings by Annoushka x Fuli Gemstones
Cobalt spinels from Mahenge, Tanzania
This article first appeared in the JNA July/ August 2022 issue.
Demand for coloured gemstones is outstripping supply as the market restocks after production challenges and travel restrictions at the height of the Covid-19 pandemic. Gemstone miners are registering strong – often record-high – sales at 2022 auctions while new and upcoming goods are poised to offer the trade and consumers greater variety for their coloured gem needs.
Operations at Gemfields’ Kagem emerald mine in Zambia and Montepuez ruby mine in Mozambique have returned to pre-pandemic levels. According to Gemfields CEO Sean Gilbertson, Kagem is expected to yield 37,993,000 carats of emeralds...
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