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Southern Africa and islands

Gemfields CEO Sean Gilbertson at the African Mining Indaba 2022 conference in Cape Town, South Africa, 11 May 2022.
Gemfields CEO Sean Gilbertson at the African Mining Indaba 2022 conference in Cape Town, South Africa, 11 May 2022. © Shelley Christians/Reuters

Spotlight | Southern Africa
Gemfields scales back emerald and ruby ambitions in southern Africa

The world leader in coloured gemstones has scaled back operations in Zambia and Mozambique after disappointing auctions. In Madagascar, the British group is no longer welcome in the sapphire sector after it brought a corruption case against an adviser to Andry Rajoelina.
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