Gem Resources PLC - operator of Gravelotte, an emerald mine in South Africa - Says it is ‘extremely pleased’ with initial results from work at the Cobra pit. ‘Initial mining from the newly exposed ore zone in the Cobra open pit has yielded both high-grade and high-quality emerald-bearing material,’ Gem says. ‘The geological characteristics observed align with historical production data, supporting the potential for continued high-quality recoveries from the Cobra open pit.’

The company adds: ‘The emerald market continues to demonstrate resilience, with prices remaining strong. Unlike the diamond sector, which has faced pricing pressures due to increased competition from lab-grown alternatives, the demand for high-quality, naturally mined emeralds remains robust.’

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