Gemfields Resources, unveiled its Zambian emeralds in Mumbai as part of its international mine-to-market strategy that the mining company has been working on for more than a year.
The emerald collection from the company’s Kagem mine in Zambia was presented on Feb. 13 in pairs, suites, and layouts; and were cut and polished in its facility in Juipur.
The London-based company has invested $100 million in emerald mining and processing as it seeks to become the leading source of premium colored gemstones through consolidation and vertical integration on an international scale.
Gemfields is setting up a system to bring what it is defines as “ethically produced, conflict-free gemstones of certified provenance directly from mine to market on an integrated basis.”
The Kagem mines contains what the company says is the world’s largest emerald reserves and account for 15 to 20 percent of the world’s emeralds.
“The colored gemstone industry is one of the most fragmented in the mining world. This is an opportunity. In addition, it does not presently have the diamond industry’s relatively well structured supply channels,” said Sean Gilbertson, Gemfields executive director and former chief executive officer. “Gemfields has completed all the key building blocks in delivering an integrated mine-to-market model in the emerald business.”
Rajiv Gupta, Gemfields executive vice chairman added, “For the first time in history, consumers will be able to trace the quality and integrity of every emerald mined from Kagem, right from its origin within the earth to its ultimate journey to a store. Gemfields’ direct involvement in an emerald’s life stages and its deep commitment to the most ethical, socially responsible and environmentally friendly operating standards ensures that all Emeralds from Kagem that reach the market, are conflict free. Through a tie-up with leading labs, these completely traceable Emeralds will be certified and provided with a complete disclosure as either untreated or treated as per industry acceptable norms. This in turn will boost the confidence of customers.”
Due to its rarity, high-end emeralds are almost impossible to find matching layouts & large suites. Gemfields said it is able to offer customers Zambian emeralds in suites or layouts in faceted, drop shapes, cabochons and bead shapes for earrings and necklaces.