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Reinventing the Gemstone Market
The takeover of London-listed precious stone producer Gemfields by majority shareholder Pallinghurst in late June is the coming together of a plan to create a de Beers-type marketing platform for gemstones. Gemfields produces emeralds and amethysts in Zambia and rubies in Mozambique. Brian Gilbertson, chairman and founder of South African-based Pallinghurst, said he wants to create the same value chain for gems that De Beers created for diamonds. The old way of selling gems was slow -- row upon row of stones were put on display for buyers.
Reinventing the Gemstone Market
The takeover of London-listed precious stone producer Gemfields by majority shareholder Pallinghurst in late June is the coming together of a plan to create a de Beers-type marketing platform for gemstones. Gemfields produces emeralds and amethysts in Zambia and rubies in Mozambique. Brian Gilbertson, chairman and founder of South African-based Pallinghurst, said he wants to create the same value chain for gems that De Beers created for diamonds. The old way of selling gems was slow -- row upon row of stones were put on display for buyers.
Reinventing the Gemstone Market
2017
Article (Journal)
English
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