UK 09:18 Sunday, 25 October 2026
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Coloured stone miner and auctioneer Gemfields (GEM) has agreed to acquire emerald projects in Colombia in a deal that will take the company across the Atlantic from its key African hunting grounds in Zambia and Mozambique to what entrepreneurial chief executive officer Ian Harebottle calls ‘the home of some of history’s most legendary emeralds’ in South America. The company, whose shares have risen from 35.75p when highlighted here in March last year to 62p after hitting 68.25p, is buying a 70% interest in the Coscuez emerald licences in the Colombian Department of Boyaca, near the Venezuelan border.
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