Gemfields recovers 40.23 carat ruby

Gemfields recovers 40.23 carat ruby

Recently Gemfields recovered a 40.23 carat rough ruby at the company’s Montepuez deposit in Mozambique. The large size and significance of the stone, the company will follow the gemstone through its journey from mine to market and the final buyer. The ruby will make its appearance during the December ruby auction and has been appraised by the Gubelin Gem Lab in Switzerland.

“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” said Ian Harebottle, the CEO of Gemfields.

Joanna Hardy, a jewelry expert, commented that the size, quality, and color of this ruby gemstone is a rarity. “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”.