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Analysis

Fura and the future: could the Canadian miner restart Australia’s sapphire industry?

Canadian miner Fura has purchased the Capricorn sapphire mine in Australia, as part of a plan to mine and export all of the big three gemstones: rubies, emeralds and sapphires. With the Australian sapphire mining sector having struggled in recent years, there is hope that Fura’s investment could not only generate profits for the company, but reinvigorate the country’s sapphire mining industry as a whole. JP Casey takes a look at whether this could be the jumpstart the industry needs.

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