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Greenland Ruby is now a certified member of the Responsible Jewellery Council

All things bright and beautiful Posted May 11, 2021 | By Arabella Roden • Editor The popularity of coloured gemstones continues to offer jewellers a spectrum of possibilities – and new innovations in supply chain transparency are making the sector even more desirable, writes ARABELLA RODEN. There is no denying the appeal of coloured gemstones. From the high jewellery of Paris Couture Fashion Week to Tiffany & Co.’s Blue Book Collection – the centrepiece of its annual design calendar – the spotlight in 2021 has been firmly focused on vibrant, vivid gemstones in every colour ...

Greenland Ruby Unveils $18M Loan RAPAPORT... Greenland Ruby, a miner of rubies and sapphires in the island nation, has reached an agreement with a specialist financier for an $18 million working-capital facility. The financing, spread over three tranches, is “believed to be one of the largest” in the history of colored gemstones, the company said in a recent statement. The deal with Nebari Natural Resources Credit Fund I will allow the miner to accelerate its growth plans, it explained. “This is a tremendous milestone for Greenland Ruby,” said its CEO, Magnus Kibsgaard. “With the ...

– Jewelry rental club raises $26 million. – Banks tie Pandora’s loan to sustainability targets. – Greenland Ruby gets $18 million in financing.   – Diamond disruption doesn’t have to be a “zero-sum game.”                

The transaction is a strong sign of the colored gem miner’s ongoing prospects By: Diamond World News Service | | Mille Schiøtt Kongstad, Greenlandic geologist. Holding rough from the Aappaluttoq mine Greenland Ruby DK ApS, a ruby and sapphire corundum miner in Greenland; and Nebari Natural Resources Credit Fund I, LP, a financier in the mining sector; announce today a landmark transaction in the colored gemstone industry, with execution of an agreement for a $18 million working capital facility. The first fund...