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Gemfields
Gemfields Group Ltd (formerly Pallinghurst Resources Limited) is a company incorporated in Guernsey and headquartered in London, United Kingdom, and is a supplier of coloured gemstones. The company specializes in the mining, processing and sale of coloured gemstones, in particular emeralds and rubies. The group sells rough, uncut gemstones and does not operate any cutting and polishing facilities. The company owns the ''Kagem'' emerald mine in Zambia and the ''Montepuez'' ruby mine in Mozambique. Gemfields produces around 25% of the world's emerald supply and around 50% of the world's ruby supply. In addition to the gemstone mining and production assets the Group also owns and operates the Fabergé luxury brand. Gemfields holds additional stakes in companies based in Zambia, Mozambique, Ethiopia and Madagascar. It also holds an indirect minority stake of 6.5% in platinum-group metals producer Sedibelo Platinum Mines Limited. In May 2017, Gemfields Group Limited (then called Pal ...
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Emerald
Emerald is a gemstone and a variety of the mineral beryl (Be3Al2(SiO3)6) colored green by trace amounts of chromium or sometimes vanadium.Hurlbut, Cornelius S. Jr. and Kammerling, Robert C. (1991) ''Gemology'', John Wiley & Sons, New York, p. 203, . Beryl has a hardness of 7.5–8 on the Mohs scale. Most emeralds are highly included, so their toughness (resistance to breakage) is classified as generally poor. Emerald is a cyclosilicate. Etymology The word "emerald" is derived (via fro, esmeraude and enm, emeraude), from Vulgar Latin: ''esmaralda''/''esmaraldus'', a variant of Latin ''smaragdus'', which was a via grc, σμάραγδος (smáragdos; "green gem") from a Semitic language. According to Webster's Dictionary the term emerald was first used in the 14th century. Properties determining value Emeralds, like all colored gemstones, are graded using four basic parameters–the four ''C''s of connoisseurship: ''color'', ''clarity,'' ''cut'' and ''carat weight''. N ...
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Dual-listed Company
A dual-listed company or DLC is a corporate structure in which two corporations function as a single operating business through a legal equalization agreement, but retain separate legal identities and stock exchange listings. Virtually all DLCs are cross-border, and have tax and other advantages for the corporations and their stockholders. In a conventional merger or acquisition, the merging companies become a single legal entity, with one business buying the outstanding shares of the other. However, when a DLC is created, the two companies continue to exist, and to have separate bodies of shareholders, but they agree to share all the risks and rewards of the ownership of all their operating businesses in a fixed proportion, laid out in a contract called an "equalization agreement". The equalization agreements are set up to ensure equal treatment of both companies’ shareholders in voting and cash flow rights. The contracts cover issues that determine the distribution of these le ...
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Zambia
Zambia (), officially the Republic of Zambia, is a landlocked country at the crossroads of Central Africa, Central, Southern Africa, Southern and East Africa, although it is typically referred to as being in Southern Africa at its most central point. Its neighbours are the Democratic Republic of the Congo to the north, Tanzania to the northeast, Malawi to the east, Mozambique to the southeast, Zimbabwe and Botswana to the south, Namibia to the southwest, and Angola to the west. The capital city of Zambia is Lusaka, located in the south-central part of Zambia. The nation's population of around 19.5 million is concentrated mainly around Lusaka in the south and the Copperbelt Province to the north, the core economic hubs of the country. Originally inhabited by Khoisan peoples, the region was affected by the Bantu expansion of the thirteenth century. Following the arrival of European exploration of Africa, European explorers in the eighteenth century, the British colonised the r ...
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Lusaka
Lusaka (; ) is the Capital city, capital and largest city of Zambia. It is one of the fastest-developing cities in southern Africa. Lusaka is in the southern part of the central plateau at an elevation of about . , the city's population was about 3.3 million, while the urban population is estimated at 2.5 million in 2018. Lusaka is the centre of both commerce and government in Zambia and connects to the country's four main highways heading Great North Road, Zambia, north, Livingstone Road, south, Great East Road, east and Great West Road, Zambia, west. English is the official language of the city administration, while Bemba language, Bemba, Tonga language (Zambia and Zimbabwe), Tonga, Lenje, Soli language, Soli, Lozi language, Lozi and Nyanja are the commonly spoken street languages. The earliest evidence of settlement in the area dates to the 6th century AD, with the first known settlement in the 11th century. It was then home to the Lenje people, Lenje and Soli language, Soli ...
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Pegmatites
A pegmatite is an igneous rock showing a very coarse texture, with large interlocking crystals usually greater in size than and sometimes greater than . Most pegmatites are composed of quartz, feldspar, and mica, having a similar silicic composition to granite. However, rarer intermediate composition and mafic pegmatites are known. Many of the world's largest crystals are found within pegmatites. These include crystals of microcline, quartz, mica, spodumene, beryl, and tourmaline. Some individual crystals are over long. Most pegmatites are thought to form from the last fluid fraction of a large crystallizing magma body. This residual fluid is highly enriched in volatiles and trace elements, and its very low viscosity allows molecules to migrate rapidly to join an existing crystal rather than coming together to form new crystals. This allows a few very large crystals to form. While most pegmatites have a simple composition of minerals common in ordinary igneous rock, a few pe ...
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Singapore
Singapore (), officially the Republic of Singapore, is a sovereign island country and city-state in maritime Southeast Asia. It lies about one degree of latitude () north of the equator, off the southern tip of the Malay Peninsula, bordering the Strait of Malacca to the west, the Singapore Strait to the south, the South China Sea to the east, and the Straits of Johor to the north. The country's territory is composed of one main island, 63 satellite islands and islets, and one outlying islet; the combined area of these has increased by 25% since the country's independence as a result of extensive land reclamation projects. It has the third highest population density in the world. With a multicultural population and recognising the need to respect cultural identities of the major ethnic groups within the nation, Singapore has four official languages: English, Malay, Mandarin, and Tamil. English is the lingua franca and numerous public services are available only in Eng ...
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Corundum
Corundum is a crystalline form of aluminium oxide () typically containing traces of iron, titanium, vanadium and chromium. It is a rock-forming mineral. It is a naturally transparent material, but can have different colors depending on the presence of transition metal impurities in its crystalline structure. Corundum has two primary gem varieties: ruby and sapphire. Rubies are red due to the presence of chromium, and sapphires exhibit a range of colors depending on what transition metal is present. A rare type of sapphire, padparadscha sapphire, is pink-orange. The name "corundum" is derived from the Tamil- Dravidian word ''kurundam'' (ruby-sapphire) (appearing in Sanskrit as ''kuruvinda''). Because of corundum's hardness (pure corundum is defined to have 9.0 on the Mohs scale), it can scratch almost all other minerals. It is commonly used as an abrasive on sandpaper and on large tools used in machining metals, plastics, and wood. Emery, a variety of corundum with no value a ...
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Beryl
Beryl ( ) is a mineral composed of beryllium aluminium silicate with the chemical formula Be3Al2Si6O18. Well-known varieties of beryl include emerald and aquamarine. Naturally occurring, hexagonal crystals of beryl can be up to several meters in size, but terminated crystals are relatively rare. Pure beryl is colorless, but it is frequently tinted by impurities; possible colors are green, blue, yellow, pink, and red (the rarest). It is an ore source of beryllium. Etymology The word ''beryl'' – enm, beril – is borrowed, via fro, beryl and la, beryllus, from Ancient Greek βήρυλλος ''bḗryllos'', which referred to a 'precious blue-green color-of-sea-water stone'; from Prakrit ''veruḷiya'', ''veḷuriya'' 'beryl' (compare the pseudo-Sanskritization वैडूर्य ''vaiḍūrya'' 'cat's eye; jewel; lapis lazuli', traditionally explained as '(brought) from (the city of) Vidūra'), which is ultimately of Dravidian origin, maybe from the name of Belur o ...
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JSE Limited
JSE Limited (previously the JSE Securities Exchange and the Johannesburg Stock Exchange) is the largest stock exchange in Africa. It is located in Sandton, Johannesburg, South Africa, after it moved from downtown Johannesburg in 2000. In 2003 the JSE had an estimated 473 listed companies and a market capitalisation of US$182.6 billion (€158 billion), as well as an average monthly traded value of US$6.399 billion (€5.5 billion). As of March 2022, the market capitalisation of the JSE was at US$1.36 trillion. History The discovery of gold on the Witwatersrand in 1886 led to many mining and financial companies opening and a need soon arose for a stock exchange. The first share transactions on the Rand took place in a rustic canvas tent, with trade taking place on Sundays, as this was the only day when mining was not allowed, owing to a strictly enforced regulation prohibiting the entry of African workers to the gold reefs. The ''Johannesburg Exchange & Chambers Company'' was ...
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Alternative Investment Market
AIM (formerly the Alternative Investment Market) is a sub-market of the London Stock Exchange that was launched on 19 June 1995 as a replacement to the previous Unlisted Securities Market (USM) that had been in operation since 1980. It allows companies that are smaller, less-developed, or want/need a more flexible approach to governance to float shares with a more flexible regulatory system than is applicable on the main market. At launch, AIM comprised only 10 companies valued collectively at £82.2 million. As at May 2021, 821 companies comprise the sub-market, with an average market cap of £80 million per listing. AIM has also started to become an international exchange, often due to its low regulatory burden, especially in relation to the US Sarbanes–Oxley Act (though only a quarter of AIM-listed companies would qualify to be listed on a US stock exchange even prior to passage of the Sarbanes–Oxley Act). By December 2005, over 270 foreign companies had been admitted ...
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Share Capital
A corporation's share capital, commonly referred to as capital stock in the United States, is the portion of a corporation's equity that has been derived by the issue of shares in the corporation to a shareholder, usually for cash. "Share capital" may also denote the number and types of shares that compose a corporation's share structure. Definition In accounting, the share capital of a corporation is the nominal value of issued shares (that is, the sum of their par values, sometimes indicated on share certificates). If the allocation price of shares is greater than the par value, as in a rights issue, the shares are said to be sold at a premium (variously called share premium, additional paid-in capital or paid-in capital in excess of par). Commonly, the share capital is the total of the nominal share capital and the premium share capital. Most jurisdictions do not allow a company to issue shares below par value, but if permitted they are said to be issued at a discount or part- ...
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