LONDON, February 23, 2010 – Gemfields PLC has announced the discovery of a 6,225 carat rough emerald at its Kagem mine in Zambia.
The emerald was recovered during normal mining operations on February 5, 2010, and is being examined by Gemfields’ experts to establish a clearer understanding of its value and significance.
They will continue to evaluate the gem before any final decision is taken in terms of its future.
The emerald has been named “Insofu” (or “elephant” in the vernacular of the Bemba people indigenous to this region) in consideration of its size and in honour of the World Land Trust’s “Wild Lands Elephant Corridor Project”, of which Gemfields is a participant
Ian Harebottle, CEO of Gemfields, said: “This is a unique find. The Insofu displays wonderful colour and good translucency. Its sheer size, rich colour and fine protective biotite shell make it difficult to see deep into the gem. However, all indications suggest that the core of the emerald is competent and that it should yield a number of cut gems of significant size.”