The dark side of gem stones in Colombia and beyond
The global market for colored gemstones, such as emeralds and rubies, is dominated by a few major players. One of the largest is Gemfields Plc, a U.K.-registered, London Stock Exchange-listed…
The global market for colored gemstones, such as emeralds and rubies, is dominated by a few major players. One of the largest is Gemfields Plc, a U.K.-registered, London Stock Exchange-listed…
While fear continues to grow in Colombia’s central Boyaca state over emerald trade-related violence, locals are complaining that they see little revenue from an industry which benefits just a few wealthy families.
Emerald trader Luis Murcia has been found killed in central Colombia, a local newspaper reported on Friday. The apparent assassination sparks fears over an escalation of violence surrounding the country’s lucrative emerald business.
A prominent emerald magnate was assassinated on Saturday, sparking concerns over the possibility of a new “green war.”
The government will take immediate action to prevent the reescalation of violence among rival emerald-mining families in central Colombia, said President Juan Manuel Santos on Monday.
The head of the Molina family on Wednesday has denied accusations from fellow emerald tycoon Pedro Rincon that they were involved in a grenade attack on Rincon in central Colombia.
Colombia’s emerald-mining regions may return to the “Green War” after a grenade attack on a mining magnate in central Colombia on Sunday, said the cleric who helped negotiate an end…
In Colombia’s central rural Boyaca department, four were killed and four were wounded by a landslide after allegedly searching for emeralds according to local media.
As the rapidly declining health of Colombia’s emerald czar forebodes potentially violent territorial disputes, other magnates along with the czar requested an “active presence” from the government to prevent another “Green…