Gemfields in new bid for precious stones

GEMFIELDS has entered into a joint venture to mine sapphires to complete what chief executive Ian Harebottle called the “big three” of coloured stones – green emeralds, red rubies and blue sapphires. The precious gems miner, for whom actress Mila Kunis is brand ambassador, is paying £246,000 for a 75 per cent stake in 16 exploration licences.