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Gemfields' Production +33% in 3Q
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Gemfields reported that production from its Kagem emerald mine in Zambia jumped 33 percent year on year to 6.5 million carats for the third fiscal quarter that ended on March 31. Kagem's grade also improved...
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Gemstones
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May 14, 2013
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Jeff Miller
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Gemfields' Emerald Auction Achieves $15M
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Gemfields sold predominantly lower-quality rough emerald and beryl at an auction in Lusaka, Zambia this past week, which was 82 percent sold by lot for a total of $15.2 million. The company offered 17.34 million carats, with...
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Gemstones
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Apr 22, 2013
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Jeff Miller
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Zambia Insists on Local Emerald Auctions
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The government of Zambia could curb Gemfields' ability to sell its gemstones outside the country, which will constrain revenue from its Kagem emerald mine in north Zambia, the company reported.Yamfwa Mukanga, Zambia's Minister...
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Gemstones
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Apr 08, 2013
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Deena Taylor
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Gemfields' Revenue, Profit Slide in First Half
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Gemfields plc reported that its revenue fell 39 percent year on year to $27.7 million during the six months that ended on December 31, 2012. The company attributed the decline to the fact that it held...
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Gemstones
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Mar 06, 2013
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Deena Taylor
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Gemfields Appoints Mila Kunis as Global Brand Ambassador
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Press Release: Gemfields, the world’s leading colored gemstone producer, is pleased to announce that leading Hollywood actress Mila Kunis is the company’s new brand ambassador and the face of its latest advertising campaign. A natural...
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Gemstones
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Feb 21, 2013
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Gemfields
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Gemfields' Auction Nets $27M in Singapore
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Gemfields raised $26.8 million from its auction of predominantly higher-quality rough emerald and beryl in Singapore between October 29 and November 2, 2012.The company offered about 925,000 carats for sale of which 902,000 carats were...
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Rough Markets
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Nov 07, 2012
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Dilipp S Nag
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Gemfields' Production -36% to 21M Carats
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Gemfields plc reported production of emerald and beryl for the fiscal year that ended on June 30 fell 36 percent year on year to 21.1 million carats. Operating costs rose approximately 12 percent year on year to $15.7 million....
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Gemstones
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Aug 22, 2012
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Jeff Miller
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Gemfields Opens Sales Offices in India
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Gemfields opened sales offices in Mumbai and Jaipur to supply cut and polished Zambian emeralds to India and the greater Asian market.Gemfields stated that every emerald will be sourced directly from its distribution partners,...
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Gemstones
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Aug 01, 2012
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Dilipp S Nag
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ICA to Create a Colored Gemstone, Jewelry Center in China
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The International Colored Gemstone Association (ICA) has signed a letter of intent with the government of Hunan, China to establish a national manufacturing and training center for colored gemstones and jewelry in the province's capital, Changsha....
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Gemstones
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Jul 13, 2012
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Dilipp S Nag
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Gemfields' Auction Nets $9M in Jaipur
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Gemfields raised $9 million from its auction of predominantly lower-quality rough emerald and beryl in Jaipur between June 9 and June 13, 2012.The company offered 10.85 million carats for sale of which 3.47 million carats...
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Rough Markets
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Jun 20, 2012
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Dilipp S Nag
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Amrapali Launches Ethical Emerald Collection ‘Panna’
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Amrapali has launched an ethical emerald collection, Panna, which is a direct translation of the Hindi word for emerald. The collection features ethically-mined stones from Gemfields' Zambia licenses. Panna designs were inspired by collections the...
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Retail
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Jun 13, 2012
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Jeff Miller
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Gitanjali Opens Store in Singapore
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Gitanjali Group has entered Singapore with its first store, Leading Italian Jewels, at the Raffles Hotel. This flagship store was recently inaugurated by Ian Harebottle, the chief executive of Gemfields, along with...
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Retail
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Jun 12, 2012
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Dilipp S Nag
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Emerald Auction Nets Gemfields $26M
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Gemfields conducted an auction of predominantly medium to high-quality rough emeralds in Singapore this past week and revenues came to $26.2 million, representing a price per carat of $38.25. The auction was 87 percent sold by lot and 94 percent...
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Gemstones
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Mar 28, 2012
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Jeff Miller
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Gemfields' 1H Revenue +57%, Profit +42%
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Gemfields reported that revenue from rough and polished emerald sales rose 57 percent year on year to $45.7 million for the six months that ended on December 31, 2011. Net profit rose 42 percent to $22...
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Gemstones
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Mar 05, 2012
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Jeff Miller
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Jaipur Rough Emerald Auction Nets Gemfields $11M
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Gemfields concluded its auction of predominantly lower-quality rough emerald and beryl in Jaipur, India, on November 25, 2011, achieving a sales total of $11 million. Gemfields offered 10.8 million carats for sale of which 9.8 million...
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Rough Markets
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Nov 30, 2011
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Dilipp S Nag
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Gemfields Looking to Acquire Sapphire Mine
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Gemfields Plc is interested in acquiring a sapphire mine to broaden its portfolio and boost its global market share.“Without a doubt we would love to bring a great sapphire mine into our portfolio,” Ian Harebottle (pictured), the chief...
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Mining
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Nov 14, 2011
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Dilipp S Nag
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GJEPC Plans Colored Gemstone Conference in Thailand, China
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The Gem & Jewellery Export Promotion Council (GJEPC) plans to take its “International Colored Gemstone Mines to Market Conference” to Thailand and China in the future to drive industry growth, following positive responses from the...
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Rough Markets
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Nov 04, 2011
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Dilipp S Nag
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GJEPC Aims to Boost Colored Gemstone Exports
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The Gem & Jewellery Export Promotion Council (GJEPC) aims to expand the exports of colored gemstone “significantly” in the next three years given such huge potential.GJEPC on Wednesday hosted the first “International Colored Gemstone Mines to Market Conference” in Jaipur, popularly known as the Pink City of India,...
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Rough Markets
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Nov 02, 2011
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Dilipp S Nag
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Emeralds for Elephants Auction Raises $750K
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Gemfields' ''Emeralds for Elephants'' collection raised $750,000 at auction with $150,000 of the proceeds going to the World Land Trust and Wildlife Trust of India’s conservation projects in India. World Land Trust and Wildlife Trust...
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Gemstones
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Oct 18, 2011
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Jeff Miller
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Gemfields Opens London Trading Office
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Gemfields Plc has opened a trading office in London to distribute Zambian emeralds to the U.K., U.S. and European markets. Research conducted by the company indicated that there is a need to supply additional cut and polished emeralds...
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Gemstones
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Oct 11, 2011
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Avi Krawitz
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