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Kagem to recommence focused open-pit mining

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Gemfields is pleased to announce that Kagem Mining Limited (‘Kagem’), the emerald mine in Zambia which is 75% owned by Gemfields and 25% owned by the Government of the Republic of Zambia through the Industrial Development Corporation of Zambia (‘IDC’), will shortly recommence a programme of focused open-pit mining to recover more premium emeralds.

As announced on 23 December 2024, alongside other cost cutting measures, Kagem suspended all mining from 1 January 2025 to focus on processing ore from Kagem’s significant ore stockpile utilising the upgraded processing plant.

Emerald production from the processing plant in 2025 so far, in terms of carats recovered, has been in-line with the Company’s expectations, producing a lower proportion of higher-quality or premium emeralds than direct open-pit mining methods.

Kagem’s recent auction results, including the encouraging commercial-quality auction results released on 30 April 2025, has increased management confidence in the current emerald market and the decision has therefore been taken to recommence mining of two key production points in the Chama pit, with minimal waste mining, to recover premium emeralds for Kagem’s future higher-quality auctions. The decision to recommence full scale mining will continue to be assessed as market conditions develop.

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The Next Generation Metal In Jewelry Collections Yuliya Kutovaya Jewelry

A Rare Fusion Of Eastern Heritage and Cutting-Edge Metallurgy, The Lagan Osmium Collection Redefines Contemporary Jewelry Design

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Jewelry designer Yuliya Kutovaya presents the new Lagan Osmium collection, created in collaboration with the Osmium Institute. The collection embodies a contemporary approach to design, merging tradition with innovation.

At the core of the concept lies the aesthetic of traditional Eastern culture combined with the uniqueness of osmium as an innovative jewelry material.

Yuliya Kutovaya Said:

“The idea for the collection originated from the image of the Uzbek lagan — a round, decorated serving plate traditionally placed at the center of the table, around which guests gather. In my imagination, I sought to unite this symbol of Eastern hospitality with a material that represents something truly unique and captivating. Osmium became a metaphor for the central element around which form and ornament are built.”

Crystalline osmium is an innovative platinum group metal — the rarest and densest precious metal in the world. It is highly resistant to external influences, and its natural structure does not require cutting.

The Lagan Osmium pieces are adorned with the refined vegetal “Islimi” pattern — a traditional Eastern ornament commonly found in wood carving. The tactile relief of the jewelry conveys the sensation of natural surfaces, while the contemporary interpretation of the ornament reflects the artistic heritage of Uzbekistan.

The design allows for transformation: the central osmium element can be easily removed.

The collection already has its own story. Last year, Yuliya Kutovaya presented her design at the Osmium Visionary Contest in Germany and subsequently continued her creative collaboration with the Osmium Institute. The collection will be showcased in May at the international exhibition GemGenève in Switzerland.

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