The Montepuez ruby mine in the north-east of Mozambique boasts the largest ruby asset globally and is currently valued at around $1bn. It produces some of the oldest rubies in the world ...

This is despite disruptions in Mozambique from October 2024 to mid-January this year, as a result of civil unrest following the contested Presidential election.

London-listed emerald and ruby miner Gemfields has suspended work in Mozambique, where two looters were shot dead during a raid that saw buildings set alight. The firm, which owns Faberge ...