Gemfields moves into sapphire market

Gemfields, the world’s largest producer of coloured gemstones currently best known for its Zambian emeralds and Mozambican rubies, has moved into the Sri Lankan sapphire market. The UK-based company has formed a joint venture with US-based East West Gem Investments which will see it acquire 75 per cent operating interests in 16 exploration licences (covering … Continue reading Gemfields moves into sapphire market