Gemfields Discovers Exceptional 40.23 carat Rough Ruby at Montepuez Ruby Deposit

NEW YORK--()--Gemfields, the leading supplier of responsibly sourced colored gemstones, has discovered a 40.23 carat rough ruby, believed to be one of the most important rubies unearthed in recent times.

The gemstone will set a new benchmark for the quality of African rubies and endorses the Montepuez deposit in Mozambique as the world’s most significant deposit presently in development. At 340 square kilometers, Montepuez is the largest ruby mining concession in private hands in the world today, and has already proven to be one of the most productive of all ruby mining concessions.

Ian Harebottle, CEO of Gemfields, said: “As an African by birth and at heart, I am exceedingly proud that possibly one of the finest rubies to have been discovered in recent generations has been unearthed from African soil, and even more so of the dedication and expertise that our exceptional team has deployed in bringing us to this moment in history. I’d also like to thank our local partner, Mwiriti, who own 25% of Montepuez, for the vision and commitment they have displayed.”

In keeping with Gemfields’ commitment of offering complete transparency from mine to market, the company will follow this exceptional gem from the mine to its ultimate home. Given its significance, the gem has been appraised in advance of Gemfields’ December ruby auction in Singapore by the Gübelin Gem Lab in Switzerland, one of the world’s foremost gemological laboratories.

“Although difficult to judge in the rough state, the transparency and color of the crystal indicate an important gemstone might be cut from this piece of rough. We are looking forward to following the development of this remarkable rough from its current state to a cut gem,” says Daniel Nyfeler, Managing Director of Gübelin.

Following the appraisal, jewelry expert and historian, Joanna Hardy, has examined the gemstone to further highlight the qualities of the impressive gem. Hardy says a ruby gemstone of such quality, size and color is incredibly rare. “It is not surprising that record-breaking prices are being achieved today as awareness and appreciation grows of just how rare these crystals are. The knowledge that the earth will not produce crystals of this outstanding quality and beauty very often, if ever again, has instilled in them the value that reflects their rarity.”

The rough ruby will soon travel to Singapore for Gemfields’ much anticipated second ruby auction, where it will be sold to the highest bidder before beginning the next chapter of its journey.

To follow the developments, follow Gemfields on Facebook (https://www.facebook.com/Gemfields), Twitter (https://twitter.com/gemfieldsplc) or Instagram (http://instagram.com/gemfields).

ABOUT GEMFIELDS

Gemfields is the world’s leading supplier of responsibly sourced colored gemstones, positioned at the intersection of exploration, mining and marketing. The company has pioneered leading environmental, social and safety standards within the sector and by doing so is able to provide discerning customers the assurance they require of the responsible journey their gemstones have taken from mine, to market. Gemfields also supports down-stream stakeholders in the marketing and selling of their cut and polished colored gemstones via their portfolio of global sales offices. Gemfields champions established and emerging talent through exclusive collaborations with leading international jewelry designers. In 2013, Mila Kunis was announced as Gemfields’ global ambassador and continues to represent the company in their latest advertising campaign. www.gemfields.co.uk

Contacts

for Gemfields
Phyllis London, +1 212-488-1083
plondon@gckpartners.com

Release Summary

Gemfields, the leading supplier of responsibly sourced colored gemstones, has discovered a 40.23 carat rough ruby, believed to be one of the most important rubies unearthed in recent times.

Contacts

for Gemfields
Phyllis London, +1 212-488-1083
plondon@gckpartners.com