Transparency:

Now, this is big! 

FURA Gems guarantees complete traceability and transparency of its entire auction lot of emerald roughs with the Gübelin Gem Lab's Provenance Proof blockchain system, a first-ever for Colombian emeralds.  

For these top-quality natural masterpieces, Gübelin's Emerald Paternity Test certifies the mine of origin.

 

MORE KEY HIGHLIGHTS

• More than 210,000 carats of emerald roughs in high, medium, and commercial qualities will be displayed.
• These emerald roughs are, without exception, ethically and sustainably mined. FURA Gems supports local communities and the environment around all of their mines.
• Over 50 clients from Colombia, India, New York, Israel, and Bangkok will participate in this exciting Colombian emerald auction.

 

 

The auction will be held in SHARJAH, UAE

In 2021, FURA Gems already set records at its inaugural Colombian emerald auction and displayed the largest quantity of rough emeralds. The upcoming Fura rough Colombian emerald auction will be held in UAE from 3–10 April 2022. FURA Gems assures buyers of a never-seen-before, rare selection of magnificent, untreated natural rough emeralds of intense color and immaculate clarity. 

FURA will also introduce the first of its kind grading system for rough Colombian emeralds during the auction. This interesting grading system will enable the buyers to have layouts, calibrated parcels, and even single pieces with similar color and clarity. All these gems originate from the Coscuez mine, one of the world's most significant emerald mines and widely noted for its large-size emeralds. 

Maybe the gem lovers among us remember, but it was at Coscuez where the Guinness Emerald Crystal of 1,759 carats, one of the largest gem-quality crystals in the world, was discovered.

FURA's Coscuez emerald mine is the only provider of rough Colombian emeralds in an organized platform. 

In October 2020, FURA received a further 30 years extension for its mining license in Coscuez. And in December 2021, they received the environmental approvals to upgrade the mining operations from mid to large scale. All indicators point to the continued and robust production of emeralds. 

 

Fura's founder Dev Shetty about the mining activity in the Coscuez Emerald Mine:

"Since the acquisition of the mine in 2019, Fura made significant progress with the development of the Coscuez Emerald Mine. With the environment license approved and the mining title extended by 30 years, we have already commenced the construction of the large-scale underground mine. We believe by 2023, Fura will become the largest supplier of the Rough Colombian emerald globally and thereby provide a consistent trade supply of the rough Colombian emerald.

The range of finest quality to be displayed in the forthcoming auction, including the 81.2 carats and 83.8 carats, confirms our belief that Coscuez produces the finest emerald in the world. We are also proud to add the Gübelin Gem Lab's Emerald Paternity Test and Provenance Proof blockchain system to provide complete transparency and traceability of the emeralds from the Coscuez mine."

Fura is grateful for all the help extended by the community of Coscuez, which has been instrumental in driving the mining project, and the Government of Colombia for creating an environment conducive to mining. I would also like to thank the Fura team at Coscuez for their relentless hard work and undying commitment to making Fura a truly global mining company.

— Dev Shetty, Founder, and CEO, FURA Gems 

Why is this such great news? 

Sustainability is one of the critical values of the modern jewelry supply chain. As well as transparency, and we are sure that jewelry companies and jewelry brands will embrace this development, finally having solid proof of provenance of the highest standard. 

These top-quality FURA emeralds will undergo the Emerald Paternity Test of the Gübelin Gem Lab, the world's leading color gemstone laboratory.  

Gübelin

Gübelin's specialized technology rests on DNA-based nanoparticles applied directly, at the mine, onto rough crystals. These nanoparticles can be retrieved and decoded at any stage along the supply chain to identify the source of each emerald.

Gübelin says:

"We welcome Fura Gems to the steadily growing Provenance Proof community. It is exhilarating for us to provide Fura with the cutting-edge technologies required for the first fully and truly provable traceable emeralds from Colombia. The rough gemstones are physically marked with our patented Emerald Paternity Test nano labels and digitally trackable on the Provenance Proof Blockchain. This gives consumers and brands the confidence they request by bringing confirmable transparency to their products," says Klemens Link, Director of Provenance Proof. 

         

The two enormous emerald masterpieces

These rare Colombian emerald masterpieces discovered in FURA Gems' Coscuez mines are distinguished by exceptional color and size. (81,2 carats and 83,8 carats)

Exceptionally desirable because of the intense green hue and the matchless translucence that breathes life and brilliance into the heart of these gems.

Famous Colombian emeralds have appeared with top billing in the most important auctions in the past. Admired for their color and clarity, Colombian emeralds have repeatedly achieved the highest private sales and auctions prices.

The famed Rockefeller Emerald, for instance, sold for $305,500 per carat in 2018 — the highest price per carat ever obtained for an emerald by Christie's. Colombian emeralds of this quality are indeed in a class of their own.

 

For more information about Fura Gems Inc. DMCC, 

Fura Gems is a young gemstone mining company established in 2017. Headquartered in the United Arab Emirates, FURA has more than 1,200 employees across continents. It is the first genuinely pioneering, elegant, creative, and ethical enterprise to cover the entire spectrum of precious color gemstones. In Colombia, Mozambique, and Australia, its three mining subsidiaries produce emeralds, rubies, and sapphires. Fura Gems is the fastest-growing color gemstone mining company with the sole objective of ensuring stability and traceability of ethically mined color gemstones from rough to retail.

 

www.furagems.com

 

 

auction, Fura, Gübelin

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