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Wednesday, September 30, 2026

News24 | Gemfields takes R2bn hit on embattled Mozambique ruby mine

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A worker examines a ruby at the Gemfields mine near Montepuez in Mozambique. The operation, which accounts for three-quarters if group revenue, has been written down by over R2 billion.

A worker examines a ruby at the Gemfields mine near Montepuez in Mozambique. The operation, which accounts for three-quarters if group revenue, has been written down by over R2 billion.

Matthew Hill/Bloomberg via Getty Images

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