Gemfields (#GEM) - Montepuez Ruby Mine JORC Resource & Reserves

Zak Mir's Bull Call Of The Day: Gemfields: New Leg Higher Towards 80p On Tap

As far as shares of Gemfields have been concerned since the start of 2014 it has been uphill must all the way with the highlight in terms of being the technical trigger of a March break above the 200 day moving average then rising below 50p and now at 51.83p.

Gemfields maintains expansion policy

Rough diamond prices may have faltered lately on tighter credit for traders, cutters and polishers, but emeralds are still going strong, according to Ian Harebottle, entrepreneurial chief executive officer of Gemfields (GEM). The AIM-quoted company, whose shares have risen from a 12-month low of 37.75p to 67.75p and even trade above their 2005 float price of 45p, has unveiled a near-tripling of output in the first three months of this year to 9.9 million carats of emeralds and beryl from its 75%-owned Kagem mine in Zambia.

Gemfields claims another record auction result

Emerald and other precious stones producer Gemfields (GEM) says its latest auction of predominantly lower-quality rough emeralds and beryl in the Zambian capital Lusaka raised $14.5 million (£9.5 million) and achieved an average price of $3.73c a carat, a record for the AIM-quoted company’s auctions in this category.

Gemfields sees red

Ian Harebottle, entrepreneurial chief executive officer of coloured stone supplier Gemfields (GEM), proclaims the AIM-quoted company  is working ‘to create the world’s pre-eminent ruby supply source’ after completing the $3.5 million (£2.25 million) purchase of two additional licences to mine the red gemstones in Mozambique, next to its existing 75%-owned Montepuez ruby deposit.

Now Gemfields sings the blues

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.

Gemfields seeks to expand its markets

Ian Harebottle, entrepreneurial chief executive officer of Africa-focused emerald and ruby supplier Gemfields (GEM), sounds characteristically optimistic after the company’s latest auction of ‘lower quality’ rough emeralds and beryls in the Zambian capital of Lusaka. The stock market’s initial reaction has been apathetic, with the shares off 0.13p to 46.5p, narrowly above their 2005p float price of 45p. Even so, the share price is down from a year’s  high of 52.5p, after the company’s auction attracted revenues of $15.5 million (£9 million), the second highest in the series, so is the market missing a trick?

Why Gemfields boss sees red (rubies)

Gemfields (GEM), the diversified emerald miner which owns the Faberge luxury jewellery brand, is looking to its 75 per cent-owned Montepuez ruby deposit in Mozambique to play a ‘very significant role’ in future growth, says chief executive officer Ian Harebottle. He says this in the wake of encouraging first-half revenue growth and pleasing auction results.