UK 05:57 Saturday, 7 November 2026
Breaking news and expert analysis on fast-moving AIM and LSE listed shares
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
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.
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