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Gemfields Discovers Exceptional 6,225-Ct. Emerald

posted Mar 4, 2010, 6:40 AM by Alex Barcados
Gemfields PLC, a miner of colored gemstones, reported that it found an exceptional 6,225-carat rough emerald at its Kagem mine in Zambia. The stone has been named “Insofu,” which means “elephant” in the local vernacular of the indigenous Benda people, based on its size and in honor of the World Land Trust’s “Elephant Corridor Project” in which Gemfields is a participant.
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“This is a unique find. The Insofu displays wonderful color and good translucency,” said Ian Harebottle, the chief executive officer (CEO) of Gemfields. “Its sheer size, rich color and fine protective biotite shell makes it difficult to see deep into the gem; however, all indications suggest that the core of the emerald is competent and that it should yield a number of cut gems of significant size.”

The emerald was recovered during normal mining operations on February 5, 2010 and is currently being examined by Gemfields experts to establish a clearer understanding of its value and significance. They will continue to evaluate the gem before any final decision is made regarding its future, the company said.

LH
By Avi Krawitz Posted: 02/22/10 05:54
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