An exceptional emerald of 25.97 carats has been unearthed by Fura Gems Inc. at its Coscuez Colombian Emerald Mine located in Boyacá, Colombia. This Colombian Emerald is believed by the Company to be considered rare and exceptional due to its size, colour saturation and clarity. The discovery was made as part of an ongoing bulk sampling program that commenced in late March 2018.
Photo Credit: Fura Gems Inc.
The 25.97 carat emerald has been named the “ÄRE Emerald”, named after a figure in ancient Colombian mythology responsible for the creation of the primary sources of emeralds in Colombia’s Boyacá region: the Fura and Tena mountains as well as the Rio Minero River.
“We are thrilled with the discovery of this exceptional emerald in these very early stages of our bulk sampling program. The results of this program so far have well exceeded the expectations of our highly qualified management team. The quality of the ÄRE Emerald truly represents the opportunity and prestige of the Colombian Emerald, which are the most sought-after emeralds in the world,” commented Dev Shetty, President & CEO of Fura. “Work has also already commenced on the maiden mineral resource at Coscuez, and we are hoping to have this completed by Q4 of this year. Fura is still a Company in its infancy but I am proud of the progress that we have made to date.”
Once the Company has completed its bulk sampling program, the maiden mineral resource has been formalized and the Colombian emerald grading system well established, the first auction of its Colombian emeralds will take place. The Company expects the first sale of rough emeralds to occur sometime during the second quarter of 2019.