Browsing: Diamond

Gemfields is pleased to confirm its ‘G-Factor for Natural Resources’’ figures for the Kagem emerald mine in Zambia and the Montepuez ruby mine in Mozambique, which now stand at 20% and 25% respectively for the 10-year period from 2015 through 2024. The ‘G-Factor for Natural Resources’ reveals the percentage of natural resource revenue paid to the government of the country from which the resource is derived.

Gemfields is pleased to announce that it will offer a broader range of secondary-type material at its forthcoming mixed-quality ruby auction in June 2025. The auction will include rubies recovered from a newer section of its Mozambican mine that has not previously been represented at auction in meaningful quantities and with a notable 36-carat ruby forming part of the offering

Gemfields is pleased to announce the publication of a Prospectus in relation to the issuance of 556,203,396 New Shares to raise approximately USD30 million by way of a fully underwritten Rights Issue (the “Rights Issue”), as originally announced on 11 April 2025

The 10% additional tariff levied by the US, which accounts for nearly a third of Indian natural diamond exports, will exacerbate the impact on Indian diamantaires from already-subdued demand and intensifying competition from lab-grown diamonds (LGDs), which closely resemble natural diamonds and cost much less. In the milieu, export revenues of diamantaires will decline ~8-10% in fiscal 2026.

Natural Diamonds Shine Brighter with Purpose: SRK Sets New Sustainability Benchmark for the Industry
In a powerful demonstration of how natural diamonds can lead the way in environmental stewardship, Shree Ramkrishna Exports Pvt. Ltd. (SRK) has earned international recognition for its pioneering sustainability practices. The company’s efforts were recently honored with the Top Environmental Impact Project of the Year at the prestigious E+E Leader Awards — a moment of pride not just for SRK, but for the global natural diamond and gems industry.