Gemfields has announced that it will resume open-pit mining at its Kagem Emerald Mine in Zambia. The mine is 75% owned by Gemfields and 25% by the Government of Zambia, through the Industrial Development Corporation (IDC).
This decision follows a strategic change after the temporary suspension of mining activities at Kagem starting on January 1, 2025. The suspension, part of cost-cutting measures, allowed Gemfields to focus on processing existing ore stockpiles using its upgraded processing plant.
Although production in early 2025 met expectations for overall carat volume, the yield of high-quality emeralds was lower than usual. This is partly because the suspension halted direct open-pit mining, which typically produces a higher proportion of premium-quality emeralds. The company was encouraged by the results of its recent auctions, especially the successful commercial-quality emerald auction held on April 30, 2025. As a result, Gemfields has decided to restart mining at two key locations within the Chama pit. The goal is to maximize the recovery of premium emeralds while minimizing waste.
Gemfields emphasized that the full-scale mining operations at Kagem will be continuously assessed based on market conditions.
Kagem, one of the world’s largest emerald-producing mines, plays a key role in Gemfields’ portfolio, which also includes the Montepuez ruby mine in Mozambique and the renowned Fabergé brand. Gemfields is known for its commitment to responsible mining and marketing of coloured gemstones, supported by its proprietary grading system and innovative auction platform.
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