Canadian mining company Fura Gems, which mines rubies in the Montepuez district of Cabo Delgado province in northern Mozambique, has just signed an agreement with gemstone manufacturer China Stone, guaranteeing its access to a selection of national rough rubies for an initial period of three years.
According to information published on Wednesday 8 November by Diamond World, this partnership guarantees China Stone a reliable source of rough rubies with certification of origin, ranging from 0.25 carats to 0.75 carats, which will improve the planning and forecasting of production of watches and other jewellery.
According to the founder and CEO of Fura Gems, Dev Shetty, this union will contribute to the worldwide expansion of coloured gemstones, making them better known.
“We are pleased to announce this partnership with China Stone, the first of its kind in the coloured gemstone mining industry. With this partnership we guarantee a consistent supply of products, which will significantly increase demand from major brands, retailers and manufacturers,” he explained.
For his part, China Stone’s CEO, Mr Li, said that the consistent supply of coloured gemstones has been a significant challenge, stressing that this agreement will help “our customers plan their production well in advance to meet demand”.