6th Jul 2015 08:43
LONDON (Alliance News) - Richland Resources Ltd Monday said it is currently preparing and cutting selected sapphires ahead of the launch of its new retail website in the third quarter of 2015.
The miner operates out of the Capricorn sapphire mine in Queensland, Australia, and said it recently held a display and education session on its sapphires at the 2015 Hong Kong Jewellery Fair. Richland said it hosted sessions with a series of wholesale gemstone distributors, jewellery manufacturers and other interested parties.
"Our product display at the June 2015 Hong Kong Jewellery Show, was well received by major gemstone trade buyers, manufactures and distributors," said Chief Executive Bernard Olivier.
Following the sessions, the company has booked in two site visits in the third quarter from potential buyers to view its operations, including the launch of its retail platform. Selected sapphires that have already been mined are currently being cut and will be sold via the website in the third quarter, it said.
"This online platform develops the success of the company's tanzaniteone.com consumer business and offers retail consumers the opportunity to buy fully certificated loose cut gemstones or set jewellery," said Richland.
"The company is currently cutting selected sapphires mined to date from its Capricorn operations and anticipates having its first blue and coloured sapphires available on richlandgemstones.com in September," it added.
Richland shares were down 1.3% to 4.32 pence per share on Monday morning.
By Joshua Warner; [email protected]; @JoshAlliance
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