International News
FURA Gems Gets RJC Certification
FURA Gems Sets New Ethical Standard For Color Gemstones
FURA Gems has been certified by the Responsible Jewellery Council (RJC) following an independent third-party audit of its operations against the RJC Code of Practices, the industry’s benchmark for responsible sourcing and business ethics. According to the RJC, FURA Gems is the first coloured gemstone producer to achieve this certification.
The certification covers key areas including governance, human rights, labour standards, environmental management and supply chain due diligence. The RJC Code of Practices incorporates globally recognised frameworks such as the OECD Due Diligence Guidance, the UN Guiding Principles on Business and Human Rights, and IFC Performance Standards.
FURA Gems described the certification as an important milestone for the company, noting that it reflects strengthened governance, operational controls and a continued focus on transparency and traceability.
FURA Gems operates mining assets in Australia and Mozambique, supplying responsibly sourced rubies and sapphires to global manufacturers and brands. The company has invested in traceability systems, including blockchain-enabled mine-to-market tracking, to meet growing industry expectations.
International News
Gemfields Auctions Revenue Falls Short Of Expectations In 2025
Auction Revenue Slumps to $129m As Demand Skips Smaller Good
Gemfields reported disappointing auction revenue of just $129 million from its seven sales in 2025, well below expectations amid fragile market sentiment and persistent volatility. Demand proved uneven, with buyers shunning lower-quality and smaller-sized goods while showing more interest in premium material.
The coloured-gemstone miner, which operates the Kagem emerald mine in Zambia and the Montepuez ruby deposit in Mozambique, faced operational setbacks at both sites, including delays to Montepuez’s second processing plant, illegal mining, and grade volatility. These issues curtailed premium ruby output, disrupted auction schedules, and reduced cash generation despite tight cost control.
Pricing for high-quality emeralds and rubies improved progressively throughout the year. To strengthen its balance sheet, Gemfields prioritised deleveraging, including the $50 million sale of its luxury brand Fabergé. The company expects plant delays to persist into the first half of 2026 and will release full-year results on 26 March.
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