Gemfields (#GEM) – “auction results”, argues “encouraged” after it had “been nine months since our last commercial-quality emerald auction”

Gemfields (#GEM) – “auction results”, argues “a successful conclusion to a challenging year”

Gemfields (#GEM) – 82.4% take-up of $30m rights issue, rest with underwriters

Gemfields (#GEM) – notes 2024 expected loss, to propose $30m underwritten rights issue at 4.22p per share

Gemfields (#GEM) – Zambia re-introduces 15% export duty on emeralds, states it is to “engage with the Zambian Government”

Gemfields (#GEM) – impact of “unrest in Mozambique” including operations halt from 24th Dec, “intends to return to normal operations before the end of the year”

Gemfields (#GEM) – “operations continue with increased vigilance” due to Cabo Delgado insurgency

Gemfields (#GEM) – notes recent increase in share price, emphasises “robust financial performance”

Gemfields (#GEM) – admission to AIM, has current primary listing on Johannesburg Stock Exchange

Gemfields (#GEM) – notes “ongoing increase in demand” as 78 of 83 lots sold at its Singapore rough ruby auction

Gemfields (#GEM) – possible cash offer from China’s Fosun at 40.85p per share

Gemfields (#GEM) – considers offer from Pallinghurst “derisory and clearly undervalues the company”

Gemfields (#GEM) – Pallinghurst Resources offers 1.91 shares for each Gemfields share

Coloured gemstones market will continue to boom through 2016 - good for Gemfields!

When it comes to commodities there aren’t many where the short term outlook is all that positive at the moment, but coloured gemstones is one of the few that seems to be bucking the trend.

SP Angel Morning Mining note: Gemfields

John Meyer of SP Angel this morning comments on Gemfields (GEM) as well as offering a detailed macro view on the news that is shaping global mining and the AIM mining pond

Zak Mir's Bull Call of the Day No. 1: Gemfields: Bullish Falling Wedge Reversal

One of the recovery contenders of the moment takes the form of Gemfields where it can be seen that a recovery formation of a falling wedge has been in place since October last year.

Gemfields poised for Singapore challenge

Emerald and ruby supplier Gemfields (GEM) is preparing for a pre-Christmas auction in Singapore of rubies and corundum from its 75%-owned Montepuez operation in Mozambique in the wake of raising $19.2 million (12.8 million) revenues at its latest emerald and beryl auction in the Indian city of Jaipur. Now valued at £228.5 million, the AIM-quoted company, whose shares have fallen from a summer 12-month peak of 68.25p to 40.25p now, says the Jaipur auction, of predominantly lower-quality stones from Gemfields’ 75%-owned Kagem mine in Zambia, raised a record amount in that category since the company started the auctions in 2009.

Gemfields (#GEM) - Kagem Emerald Mine JORC Resource & Reserves updates

Gemfields (#GEM) - Acquires two emerald projects in Colombia

Gemfields delivers first ruby resources makes it a possible buy for the long term

Coloured gemstone producer and marketer Gemfields (GEM) says a maiden formal resource estimate of 467 million carats of rubies and corundum for its Montepuez ruby mine in Mozambique provides ‘further evidence of the continued growth momentum and opportunities within the coloured gemstone sector.’ The AIM-quoted company says ubiquitous consultant SRK’s ‘competent person’s report’ suggested an average grade of 62.3 carats per tonne of rock for the resource, estimated to the mining industry’s Joint Ore Reserve Committee standard, and indicated a probable reserve of 452 million carats with 15.7 carats a tonne.