Editor’s Note
Mozambique is set to solidify its position as a key player in the global gemstone trade, with its ruby production forecast to reach nearly 4 million carats this year. This substantial output highlights the nation’s rising influence in the market.
Production Update
Mozambique’s ruby production is projected to approach 4 million carats in 2024, according to industry reports. This significant output underscores the country’s growing prominence in the global gemstone market.
Market Context
The increase in production is attributed to the continued development of key mining concessions and improved operational efficiencies. Mozambique’s rubies, particularly from the Montepuez region, are highly sought after for their quality and color.
