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Ambitious Gemfields unveiled plans to acquire ruby exploration licences in Mozambique. The deal, to acquire 75% of two mining titles for £1.1mln (US$1.75mln) each, emerged at the same time as the company invited investors to vote
After unveiling an £89 mln deal to acquire Fabergé, one of the most iconic names in jewellery, the coloured gemstone specialist's chief executive Ian Harebottle said the deal made sense for all involved
The move gives the coloured stones group a big foothold in two of the most profitable segments of the industry – mining and consumer sales.
The deal advances Gemfields’ mine-to-market strategy and gives the group a big foothold in two of the most profitable segments of the industry – mining and consumer sales.
DiamondCorp shares surged more than 14 per cent today after it agreed a US$6 million loan with a subsidiary of Tiffany & Co
DiamondCorp (LON:DCP) has agreed a US$6 million loan with a subsidiary of Tiffany & Co in return an off-take deal that gives the world-renowned jeweler right of first refusal to buy stones from DCP’s Lace Mine in South Africa.
Gemfields is well placed to meet the rising demand for coloured gemstones, especially from heavyweight Asian nations, according to JPMorgan
A total of 925,000 carats were offered and the majority, 902,000, were sold with 35 of the 37 companies in attendance placing bids.
