Gemfields Kagem Mine Posts Stong Gains

Miners at the Kagem emerald mine in Zambia. Photo credit: Gemfields

Mining company Gemfields has reported record annual production from its emerald mine in Zambia with a jump in grades per ton and a cut in production costs.

In an operational update for its fourth quarter and full year to June 2011, the company says annual production increased 90 percent to 33 million carats versus the

Gemfields Kagem Mine Posts Stong Gains

Miners at the Kagem emerald mine in Zambia. Photo credit: Gemfields

Mining company Gemfields has reported record annual production from its emerald mine in Zambia with a jump in grades per ton and a cut in production costs.

In an operational update for its fourth quarter and full year to June 2011, the company says annual production increased 90 percent to 33 million carats versus the

Gemfields Emerald Auction Fetches $9.9 Million

Prices for lower-quality rough emeralds nearly tripled during the past year, according to Gemfields Plc., which recently held an auction of the precious gem from its Kagem mine in Zambia. The mining giant’s auction of low quality emeralds from its wholly owned on March 10-14 in Jaipur, India, (where it owns a cutting and polishing facility) took in 77 cents per carat, a 148 percent increase from

Gemfields Emerald Auction Fetches $9.9 Million

Prices for lower-quality rough emeralds nearly tripled during the past year, according to Gemfields Plc., which recently held an auction of the precious gem from its Kagem mine in Zambia. The mining giant’s auction of low quality emeralds from its wholly owned on March 10-14 in Jaipur, India, (where it owns a cutting and polishing facility) took in 77 cents per carat, a 148 percent increase from

Gemfields Becomes Debt-Free as Emerald Sales Shine

An increased demand for emeralds has resulted in a huge turnaround for Gemfields Plc. The emerald company reported that it earned $15.5 million for the six-month period ended December 31, 2010, compared with a $5.8 million loss for the same period of the prior year. Revenue from rough and finished emerald sales more than doubled year-over-year to $29 million for the period. The company also

Gemfields Becomes Debt-Free as Emerald Sales Shine

An increased demand for emeralds has resulted in a huge turnaround for Gemfields Plc. The emerald company reported that it earned $15.5 million for the six-month period ended December 31, 2010, compared with a $5.8 million loss for the same period of the prior year. Revenue from rough and finished emerald sales more than doubled year-over-year to $29 million for the period. The company also

Gemfields to Hold Kagem Mine Emerald Auction March 10-14

Emeralds from Gemfields Kagem mine.

Gemfields PLC is holding a Zambian emeralds and beryl auction from March 10-14 in Jaipur, India, where the mining company has a cutting and polishing facility. All of the gemstones will be from the Kagem Mine in Zambia that is owned by Gemfields.

London-based Gemfields has received international interest because it is the only mining company in the world

Gemfields to Hold Kagem Mine Emerald Auction March 10-14

Emeralds from Gemfields Kagem mine.

Gemfields PLC is holding a Zambian emeralds and beryl auction from March 10-14 in Jaipur, India, where the mining company has a cutting and polishing facility. All of the gemstones will be from the Kagem Mine in Zambia that is owned by Gemfields.

London-based Gemfields has received international interest because it is the only mining company in the world