What You Should Know About the Company Mining in Yogo Again
Yogo Mine in Montana, which produces the popular Yogo sapphires, was dormant for nearly four decades.
The mine, which produces the popular Yogo sapphires, was dormant for nearly four decades.
A few years ago, Yogold USA entered the arena. The mining company first entered into an exploration agreement, which ended December 31, 2022, and then it transitioned into a lease with an option to purchase.
Its lease and option consist of 1,563 acres of deeded ground, where the company is simultaneously engaged in commercial production and underground development as well as surface exploration, President Jerod Edington confirmed to National Jeweler.
There are two historic workings in the mine.
A British group conducted surface mining on top and eventually sunk a shaft to 250 feet underground.
A group of Americans, meanwhile, went straight into the side of the mountain and back about 700 feet, essentially hand mining the whole way.
The Kunisaki Group then purchased the mine in the 1970s and drove a haulage way parallel to the American mine; the haulage way is approximately 3,000 feet long and is referred to as the “Kunisaki Tunnel,” Edington said.
The first two seasons Yogold operated the Yogo Mine—in 2020 and 2021—the company was doing only surface mining with the intent of eventually moving underground.
This season, Yogold opened the Kunisaki Tunnel and portions of the American mine, which run parallel to each other. The company is about 700 feet back in the Kunisaki Tunnel now.
The team is using low profile underground excavators and hauling underground trucks, so right now they are producing about 75-100 tons of underground ore per day and will increase production as demand for its Yogo sapphires dictates.
This year, they installed buildings at the site so they can mine and process all winter.
Yogold splits cutting up by size—the company has financed its own cutting facility in Colombo, Sri Lanka for the smaller stones (generally under 0.5 carats), and there are three master cutters in the U.S. that focus on the larger stones.
The company is also working with some lapidaries on fantasy cutting—GIA defines this as concave cuts made on the back of gemstones—for some of the thinner stones that wouldn’t necessarily make sense to facet traditionally and could see a higher yield with an alternate cut.
One thing Yogold would like to be more involved in next year is jewelry production, Edington said. They have custom-made a few pieces to test ideas and develop samples.
For right now, though, its focus is on the wholesale side.
And so far, Yogold has been able to sell everything it produced.
“The demand is substantial,” Edington said. “We can’t even come close to filling all the orders that we have right now. That’s a great position to be in.”
The fast-casual chain partnered with Anna Sheffield’s Bing Bang NYC brand on a capsule collection and it’s a little “extra.”
De Beers Institute of Diamonds provides the very best in diamond verification, education and diamond services.
A government official said search crews “found the needle in the haystack” when they located the capsule belonging to Rio Tinto along an 870-mile stretch of road.
De Beers is sharing over 130 years of experience and expertise through the De Beers Institute of Diamonds with a selection of courses.
The IJO also welcomed one new vendor member to its 13-member board, Brecken Farnsworth of Parlé Jewelry Designs.
It begins with a “t” and ends with a “c” and is imbued with warmth and positivity, Peter Smith writes.
The tiny capsule, which is believed to have fallen out of a truck, was lost somewhere along an 870-mile stretch of desert road.
The jeweler’s expansion plans include 20 to 30 more stores in North America and the Middle East over the next two to three years.
The NRF’s annual survey shows that consumer attitudes about how, or even whether, to celebrate Feb. 14 continue to evolve.
Executives from Fred Meyer Jewelers and Riddles Jewelers have filled the roles.
The trend forecaster and her guests explored unconventional jewelry designs, NFTs, AI art, and more during her Trendvision presentation.
The Emerging Designers Diamond Initiative provides diamond credit and mentorship to young brands helmed by BIPOC designers.