UK 05:49 Saturday, 7 November 2026
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Ian Harebottle, entrepreneurial chief executive of AIM-quoted Gemfields (GEM), is adding sapphires to the gem miner and jeweller’s range of coloured stones and declares its goal is to grab 15 to 20% of the world market in these prized blue gems, alongside the 20% it already has in emeralds and rubies. London-based Gemfields, whose imminent results for the year to June are expected by analysts to show an appreciable improvement on 2012-13’s £13.2 million loss, has teamed up with Jersey-registered East West Gem Investments, described by Harebottle as a ‘well connected investment company with experience of start-ups in Asia and the Pacific’, in a Sri Lankan joint venture to source, upgrade and trade local sapphires.
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