(IDEX Online) – Gemstone miner Gemfields has discovered a 40.23-carat ruby Mozambique that the firm says it believes to be one of the most important rubies unearthed in recent times.  

“The gemstone will set a new benchmark for the quality of African rubies and endorses the Montepuez deposit in Mozambique as the world’s most significant deposit presently in development,” the company said in a statement. “At 340 square kilometers, Montepuez is the largest ruby mining concession in private hands in the world today, and has already proven to be one of the most productive of all ruby mining concessions.”

Gemfields CEO Ian Harebottle said the ruby is “possibly one of the finest rubies to have been discovered in recent generations”. Gemfields own 75% of Montepuez, with local partner, Mwiriti, owning the remainder.

Full report @ IDEX Online

(November 25, ’14, 9:26 Albert Robinson)