The Western star’s 14-karat gold signet ring sold for six times its low estimate following a bidding war at U.K. auction house Elmwood’s.
Fura Gems Launches All-Female Wash Plant Project
The miner plans to install a new plant at its Coscuez emerald mine, requiring a minimum of 30 women to run it.

Toronto—Fura Gems has launched a project it believes is the first of its kind in the mining sector: an all-female wash plant.
The company announced the endeavor at the recent Second World Emerald Symposium in Bogota, Colombia, where it outlined its corporate social responsibility projects.
Women in Boyacá, Colombia, where the Coscuez emerald mine is located, have traditionally contributed to emerald mining as “barequeras,” washing tailings to find rough emeralds. And until now, Fura has only formally employed women at Coscuez for work in administrative roles, general services and cooking.
The company said the decision to launch the project came as a result of findings from its Fura Socialization Program, in which women expressed interest in taking a more active role in emerald mining and employment with the miner.
Fura plans to install a new wash plant with the capacity of processing up to 100 tons per hour or 240,000 tons per year. It’s slated to be operational by the first quarter of 2019.
The new plant will require a minimum of 30 women to run it, with roles including material feeding, picking, loading, recording, security, pump and equipment managing and electrical repairs.
Fura is organizing training in all of these areas, and some women have already completed a safety and mining competencies course run by the Servicio Nacional de Aprendizaje.
They also have been trained to wash, sort and grade on a temporary washing facility to prepare them for the new and modernized installation.
All of the women trained so far will be included in the team for the all-female wash plant, Fura said. New team members will be recruited according to their past experience, attitude, aptitude and perceived needs.
Ongoing performance assessments also will be offered, as well as continuous updates in training for health and safety to ensure legal requirements are met.
“We are delighted that local women in Coscuez are contributing in such a vital way to the work of
Fura Gems. They have been continuously demonstrating their skills and competence at Coscuez, and in doing so, they are promoting a cultural transformation that challenges the previous perception of their role in mining,” CEO Dev Shetty said.
“We believe women in West Boyacá are a pillar of society in the area and that these opportunities help reflect the vital, strong and active role women continue to play within their local communities. It
Fura Gems completed the acquisition of the well-known Coscuez emerald mine in January. It also is mining for rubies in Mozambique.
The Latest

The discussion, "Rebuilding the Jewelry Workforce," will take place on Saturday, May 16, in Troy, Michigan.

A matching pair of 18.38-carat, D-color diamonds from Botswana’s Jwaneng mine sold for $3.3 million, the top lot of the jewelry auction.

With the trade and customer trust in mind, GIA® developed NextGem™ – on-demand training designed specifically for retail.

Sponsored by A Diamond Is Forever


It was the second auction appearance for the fancy vivid blue-green diamond, which sold for $7.8 million at Christie’s Geneva 12 years ago.

Members of the U.S. Marshals Task Force took a 22-year-old man into custody. He was charged with tampering with evidence.

Gain access to the most exclusive and coveted antique pieces from trusted dealers during Las Vegas Jewelry Week.

While the overall number of crimes was down, there were more incidences in which robbers pulled out guns, mace, or rammed cars into stores.

Jack Sutton Fine Jewelry is closing its store inside the downtown shopping center after 40 years in business.

Reena Ahluwalia’s painting of the rare red diamond is the first contemporary painting to join the National Gem Collection.

The price of gold has risen, affecting the number of pieces designers make, the materials they use, and how they position themselves.

Peter Smith gives tips on leading meetings, developing marketing, and making trade show appointments in the age of short attention spans.

The 11-piece “Medallions” capsule collection features five motifs: a crying eye, a heart on fire, a spiral, a flower, and a swallow.

From Gen Z’s view of luxury to “doom spending,” these are the six consumer trends to note this year.

The partners have announced the second cycle of the program, which has expanded to include a $25,000 student scholarship.

The owners of Staats Jewelers are heading into retirement.

Jeffrey Gennette, who retired in 2024 after 41 years with Macy’s, is the newest member of the jewelry retailer’s board of directors.

May babies are lucky to have emeralds, a gemstone admired for centuries, as their birthstone, writes Amanda Gizzi.

The new module allows retailers to plan, promote, and measure the success of events from a single dashboard.

NDC said in an open letter that Pandora’s statements about the carbon footprint of lab grown versus natural diamonds are inaccurate.

The diamantaire and industry leader succeeds Feriel Zerouki and said he will focus on being a “champion” for natural diamonds.

She wore our Piece of the Week, Glenn Spiro’s “Old Moghul Golconda” earrings, featuring fancy brown-yellow diamonds totaling 51.90 carats.

Two pieces were named “Best in Show,” one from the retail category and one from the supplier category.

The jewelry retailer noted resilience among its higher-end customers while demand softened for its lower-priced offerings.

Led by the 6.59-carat sapphire, the sale garnered $9.7 million, a record total for a Heritage jewelry auction.

In his new role, sales specialist Billy Welshoff will focus on the eastern United States.
























