Gemfields Resources Plc (GEM)

Gemfields Resources Plc (GEM)

Gemfields Resources Plc (GEM) - Opening of Cutting & Polishing Facility

Gemfields Resources Plc is pleased to announce the official opening of its new cutting and polishing facility in Jaipur, India.

The facility comprises two floors totalling some 4,300 square feet and currently employs 30 people. The facility will, after a settling in period using low grade material, be used to process high grade rough emeralds from Gemfields’ Kagem mine in Zambia.

Rajiv Gupta, founder and Executive Vice Chairman of Gemfields said: “This is a significant milestone in Gemfields’ vision for the coloured gemstone industry. We believe Gemfields is now the only company capable of bringing high grade, ethically produced, conflict-free emeralds of certified provenance directly from the mine to the market on an integrated basis.”

Rajendra Koolwal, Head of Processing, will be responsible for the smooth running of the facility. Mr Koolwal is a veteran of the cutting and polishing industry with over 20 years’ experience.

Gemfields CEO Sean Gilbertson said:
“We’re privileged to have someone of Rajendra’s calibre head this facility. His long experience in cutting and polishing can be seen in the layout of the facility, the equipment selection and the fact that it has been delivered on time and below budget.”

In a ceremony to mark the occasion, Mr Koolwal presented Sean Gilbertson with the first cut and polished emerald derived from Gemfields’ production at the Kagem mine.

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