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FURA Gems

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FURA Gems is a private global mining company that produces colored gemstones: emeralds, rubies, and sapphires.[1] Founded in 2017 by Dev Shetty, FURA has its headquarters in Dubai, United Arab Emirates, and operates mining subsidiaries in Colombia, Mozambique, and Australia. In 2021, the company managed approximately six million carats of Mozambican rubies and 300,000 carats of Colombian emeralds.[2] In 2022, FURA Gems unveiled the world's largest gem-quality ruby ever mined, which was sold by Sotheby’s for $34.8 million in 2023.[3][4][1]

History

FURA Gems was established in 2017 by Dev Shetty with a focus on increasing the supply of ethically sourced color gemstones with traceability of the mine origin to end-consumers.[5][1] The company's name is derived from an ancient Colombian legend about Fura and Tena, two human figures created by the Muisca god Are.[6]

References

  1. ^ a b c Lankarani, Nazanin (2023-07-02). "When It Comes to Rubies, Is Mozambique the New Star?". The New York Times. ISSN 0362-4331. Retrieved 2024-06-28.
  2. ^ "World-first Australian rough sapphires auction a "big success"". jewellermagazine.com. 2021-11-30. Retrieved 2024-06-28.
  3. ^ "Video: World's priciest ruby - Estrela De Fura - from Dubai's Fura Gems gets sold for $34.8m in New York". gulfnews.com. 2023-06-08. Retrieved 2024-06-28.
  4. ^ Holland, Oscar (2023-06-08). "Largest ruby ever to come to auction sells for record-breaking $34.8 million". CNN. Retrieved 2024-06-28.
  5. ^ ""It is possible to achieve $6bn global market of color gemstones within a decade"". www.fortuneindia.com. 2021-07-11. Retrieved 2024-06-28.
  6. ^ Taylor, Rachael (November 16, 2018). "The first all-female emerald mining team - The Jewellery Cut". jewellerycut.com. Archived from the original on 2020-10-08. Retrieved 2024-06-28.