Fura Gems Inc.

What Fura Gems Inc. does

Fura Gems Inc. is a Dubai-headquartered colored gemstone mining company (legally incorporated in Canada as an INC., with a corporate office in Jumeirah Lake Towers) that operates as the only producer globally of all three major colored gemstone categories — emeralds, rubies, and sapphires — through wholly-owned mining subsidiaries on three continents: the Coscuez Emerald Mine in Colombia, ruby mining licenses in the Montepuez district of Mozambique, and the Great Northern Mining and Capricorn Sapphire operations in Central Queensland, Australia. The company runs a vertically integrated upstream business, producing rough gemstones at scale (approximately 6 million carats of sapphires annually, plus the largest ruby deposit encountered in decades in Mozambique), and sells exclusively through twice-yearly B2B auctions held in Bangkok, Thailand, where buyers must complete KYC verification.

All FURA stones are tracked via the Provenance Proof blockchain ledger, an immutable digital record covering extraction, sorting, cutting, polishing, and delivery, which underpins the company's RJC Certification achieved in March 2026 (the first such certification granted to a colored gemstone producer). The company organizes auctions for Mozambican pink sapphires, Mozambican rubies, and Australian sapphires, targeting enterprise gemstone manufacturers, polishers, jewelry designers, retailers, and luxury brands that require traceable, ethically-sourced rough supply. Pricing is not publicly disclosed; access is by invitation through the KYC-gated auction process.

The go-to-market relies on direct enterprise field sales, a corporate website, and participation in industry events; community programs (FURA Academy in Colombia, Meals on Wheels in Queensland, agricultural projects lifting ~150 people out of poverty) reinforce the ESG narrative aligned with RJC standards. Approximately 51–100 employees support the operations, with total disclosed funding of ~USD 31.4M raised in 2019–2020.

Name

Fura Gems Inc.

Legal name

Fura Gems Inc.

Website

https://furagems.com

Company type

Private

Founded year

2017

Operating status

Operating

Headcount range

51–100 employees

Short description

Fura Gems Inc. is a Dubai-headquartered colored gemstone miner and the only producer globally of emeralds, rubies, and sapphires via wholly-owned mines in Colombia, Mozambique, and Australia. The company sells exclusively through twice-yearly B2B auctions in Bangkok and traces every stone on the Provenance Proof blockchain.

Ownership category

akta.pro rank

Product category

Colored Gemstone Mining

NAICS

Other Nonmetallic Mineral Mining and Quarrying (21239), Nonmetallic Mineral Mining and Quarrying (2123)

SIC

Mining & Quarrying Of Nonmetallic Minerals (No Fuels) (1400)

akta.pro primary industry

Rough Gemstone Trading & Brokerage (CRAKAJAE)

akta.pro secondary industry

Traceability, Provenance & Compliance Services (e.g., origin, AML/KYC, sanctions) (CRAKAJAL)

Keywords

• Colored gemstone mining
• Rough gemstone auctions
• Precious stone extraction
• Gemstone provenance tracking
• Responsible jewelry sourcing

Headquarters

HQ city

Toronto

HQ country

Canada

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Personnel, Supply Chain, Marketing or Sales, Infrastructure

Revenue model

1. Rough Gemstone Sales via Auction: FURA Gems generates revenue through mining and selling rough gemstones (emeralds, rubies, and sapphires) via regular auctions. The company holds two auctions per year for each product category. Inaugural Colombian emerald auction took place April 2021, Mozambique Ruby auction in September 2021, and Australian sapphire auction in November 2021.
2. Mining Operations: FURA operates mining operations producing gemstones at scale - approximately 6 million carats of sapphires annually from Australian mines, with significant ruby production from Mozambique operations. The company owns 100% interest in operating licenses across Colombia, Mozambique, and Australia.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels2 records

Core offering

Fura Gems Inc. is a mining company that explores, extracts, and markets rough colored gemstones from operations in three jurisdictions: emeralds from Colombia, rubies from Mozambique, and sapphires from Australia. The company operates a vertically integrated mining-to-auction model, selling rough stones primarily through organized auction events held in Bangkok, Thailand, targeting wholesale gem buyers, cutters, and jewelry manufacturers.

Product overview

FURA Gems is a leading global mining company specializing in color gemstones, uniquely positioned as the first and only producer of all three major colored gemstone categories—emeralds, rubies, and sapphires—through mining subsidiaries on three continents. The company operates a vertically integrated model covering mining operations in Colombia (emeralds), Mozambique (rubies), and Australia (sapphires), with regular auctions in Bangkok, Thailand. FURA's offerings include the core gemstone products (Mozambique Rubies, Australian Sapphires, Colombian Emeralds) supported by proprietary Provenance Proof blockchain traceability technology that provides mine-to-market provenance verification. The company conducts regular auctions for each gemstone category and holds Responsible Jewellery Council (RJC) certification since March 2026.

Differentiator

Problem solved

Functional benefit

Products and services

• Colombian Emeralds
• Mozambique Rubies
• Australian Sapphires

Quantifiable outcome

• 80% of Australia's sapphire production from FURA operations
• +3 more outcomes

Segments4 records

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

Five partnerships are on record, tiered core and minor.

• Responsible Jewellery Council (RJC)coreStrategic or Co-development Partner · 1 March 2026FURA Gems achieved RJC Certification in March 2026, becoming the first colored gemstone producer to reach this milestone. The certification recognizes alignment with the highest international standards across governance, human rights, labour practices, environmental management, and supply chain due diligence, based on OECD Due Diligence Guidance, UN Guiding Principles, and IFC Performance Standards.
• Gemfields Community Support AssociationminorStrategic or Co-development Partner · 1 January 2021FURA partners with the Gemfields Community Support Association in Queensland, Australia for the Meals on Wheels initiative. Since 2021, FURA has been funding half of this initiative monthly, providing nutritious meals to approximately 70 financially disadvantaged families in the sapphire mining community.
• Provenance ProofcoreTechnology or IntegrationProvenance Proof provides blockchain technology for FURA Gems' mine-to-market traceability system. The partnership enables full mine-to-market traceability for every gemstone produced, creating secure and immutable digital records that capture each stage of a gemstone's journey from extraction and sorting to cutting, polishing, and final delivery.
• Queensland Sapphire Miners AssociationminorStrategic or Co-development PartnerFURA supports the Queensland Sapphire Miners Association by supplying about 25 kg of low-grade corundum every quarter for fossicking activity, donating HP laptops for official work, and supporting the local lapidary club with flexible shaft machines for gemstone cutting and polishing training.
• Macquarie University and Caterpillar FoundationminorStrategic or Co-development PartnerFURA has been helping the Gemfields Community team by sponsoring its monthly newsletter printing and circulation, along with grants received from Macquarie University and Caterpillar Foundation. The newsletter covers towns of Rubyvale, Sapphire, Anakie, Tomahawk and Willow, delivered to approximately 800 addresses every month.

Scale indicators10 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• Swarovski Gemstones: Swarovski's Gemstones business produces cut and created gemstones for the jewelry industry, including synthetic and natural colored stones. Comparable to FURA in the colored gemstone value chain, but operating downstream in cutting/marketing rather than rough mining.
• Gem Diamonds Limited: Gem Diamonds operates the Letšeng mine in Lesotho producing high-value rough diamonds sold through tender. Comparable to FURA in the rough gemstone mining and structured auction/tender sales model, though specialized in diamonds.
• Petra Diamonds Limited: Petra Diamonds operates diamond mines in South Africa and Tanzania, selling rough production through tender. Comparable to FURA in rough gemstone mining operations and tender-based distribution, though focused on diamonds and currently undergoing financial restructuring.
• Mountain Province Diamonds Inc. Mountain Province is a Canadian-listed diamond mining company (Gahcho Kué mine, JV with De Beers) selling rough diamonds through tender. Comparable to FURA as a publicly listed gemstone miner using structured sales events, though focused on diamonds rather than colored stones.

Regional players

• Opus One Gold Corporation: Opus One Gold is a Canadian junior mining company exploring for gold and base metals in Quebec. Less directly comparable, but representative of Canadian-listed junior miners with similar corporate structure and stage of development, though focused on metallic minerals rather than gemstones.

Direct peers

• Gemfields Group Limited: Gemfields is a leading colored gemstone producer operating the Kagem emerald mine in Zambia and the Montepuez ruby mine in Mozambique, with a long-established auction platform in Singapore. Most directly comparable to FURA given overlapping emerald and ruby operations and shared auction-based distribution model.
• Greenland Ruby A/S: Greenland Ruby operates the Aappaluttoq ruby mine in Greenland, a colored gemstone miner focused on rough ruby production. Comparable to FURA's ruby operations in Mozambique, though at smaller scale and with a different geographic risk profile.

Others

• Bonas Group: Bonas is one of the world's oldest and largest diamond and gemstone tender houses based in Antwerp. Comparable to FURA in facilitating rough gemstone auctions/tenders to international buyers, though as an auction intermediary rather than a producer.

Emerging players

• Shefa Gems Ltd. Shefa Gems is an Israeli gemstone exploration and mining company focused on precious stones in Northern Israel (Carmel Sapphire™). Comparable to FURA as a smaller colored gemstone miner targeting the sapphire market with ethically sourced rough supply.
• Richland Resources Ltd: Richland Resources is a mining company with historic gemstone operations (tanzanite, sapphire, jade). Comparable to FURA as a smaller colored gemstone miner exploring multiple gemstone categories, though at significantly different scale and stage.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/fura-gems

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Subsidiaries4 records

Funding overview

Funding rounds2 records

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Fura Gems Inc.