Gemfields Emerald and Beryl Output Up, Ruby Production Plunges

Rough Market
19/11/2015 08:06

Emerald and beryl production from colored gemstone miner Gemfields' Zambian unit Kagem Mining Limited jumped to 7.5 million carats in the firm's first fiscal quarter to September 30. However, ruby and corundum output from the Montepuez mine in Mozambique in which it has a 75-percent holding, dropped to 500,000 carats. But the miner pointed out that the volume of higher-quality rubies recovered soared 96 percent.