Mozambique Ruby Mining: Gemfields CEO makes £900k from option sale

Gemfields (LN:GEM) CEO Ian Harebottle has converted options into shares in the recently-acquired company and made close to £900,000 (US$1.16 million) by selling them, Mining Journal reports.

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Mozambiqe Mining vs Sustainability: The Blood Rubies of Montepuez

MONTEPUEZ, Mozambique — Mila Kunis embodies just the kind of woman that Gemfields, the world’s leading supplier of rare colored gemstones, wishes to entice: young, sensual, enigmatic — and affluent. The 32-year-old Hollywood actress, best known for her roles in Black Swan and Oz the Great and Powerful, is the star of Gemfields’s promotional short film, showcasing jewelry made by top designers with stones mined at Montepuez, the world’s largest ruby concession and one of Gemfields’s latest acquisitions. Located in…

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Mozambique Mining Industry: Gemfields thrilled with US$33.5 million from first ruby auction

“We are naturally delighted to announce the stellar results of our first auction of rubies and corundum from Montepuez in Mozambique. The extension of our transparent and well-regarded auction platform into the ruby trade has been very well received by the market, with an expanded customer base now having access to reliably supplied and consistently graded rough emeralds, beryl, rubies and corundum,” Gemfields CEO, Ian Harebottle, commented.

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