Tuesday, 31 October 2017

Colombian emerald mine Esmeracol

Fura Gems, a new gemstone mining company headed by Gemfields veteran Dev Shetty, has purchased 76 percent of Colombian emerald mine Esmeracol for $10.2 million.
Current owner Emporium will continue to hold a 21.71 percent interest in the mine with the other 2.29 percent retained by minority holders.
Open for 400 years, it has produced some of the finest emeralds in the world. Lately, it has operated on a small-scale basis. Fura plans to modernize it and ramp up production.

Colombia's emerald production has plummeted in recent years.