Gemfields is gearing up to launch a brand-new processing plant at its Montepuez ruby mine in Mozambique — and it's not just any upgrade. This facility is set to triple processing capacity, from 200 to a whopping 600 tons per hour! 💎🔥
Originally slated for testing in June, the project hit delays due to visa issues, transport setbacks, and on-site safety concerns. Now, the first rubies are expected in August, with full-scale operations by September. This move signals Gemfields’ push to dominate the colored gemstone world like never before. 🌍
Meanwhile, at the Kagem emerald mine in Zambia, open-pit operations are slowly restarting. Two low-waste zones are currently active, with expansion eyed for July — if market conditions allow. But full-scale mining? Still on pause. ⛏️📉
And here's the twist: Fabergé — yes, that Fabergé — might be changing hands. Gemfields’ historic luxury brand is officially back on the market, with sale talks reignited in December. Could this be the start of a new chapter in high-end jewelry? 👑🕊️