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Article: The largest Colombian emerald mine by 2024


The largest Colombian emerald mine by 2024

Since the recent COVID-19 pandemic, many economic activities have been damaged, including the mining of the most famous emeralds in the world, Colombian ones.

But if we talk about change and reconstruction, we must mention the Coscuez emerald mine, which since it was acquired by the American company Fura Gems, had a change that has positioned it today as one of the next largest Colombian emerald mines by 2024.

How has the path been to this projection, then we will talk more about this mine.

Emerald miner Cozcuez

The beauty of Coscuez and its unique nature have made it one of the mines of extraction of favorite emeralds for the miners, own and foreigners from this area of Boyacá in Colombia.

Located in the lush and green mountainous department of Boyacá, the Coscuez emerald mine covers an area of 46 hectares and is about 228 kilometers from Bogotá.

The Coscuez mine is historically one of the world's most important emerald mines, has been in operation for more than 400 years and has produced some of Colombia's finest emeralds.

Fura Gems and your arrival in Cozcuez

FURA Gems acquired the exploitation rights of the Coscuez emerald mine in Colombia in 2017. Since then, he has been working on the extraction and marketing of high-quality emeralds from this mine.

However, the arrival in the country and the emerald area was not easy, Fura Gems had to face difficulties, since at the time he only had a operating license for three years and was considered a smaller-scale project. Any strategy to continue the operation involved a huge challenge and a bet with a lot of risk.

Between 2018 and 2019 they conditioned the mine to put it at adequate operational and safety levels. In 2019 they began social impact studies and then geological analyses.

In the end, they obtained authorization for a 30-year Work and Works Plan (PTO) and the extension of the environmental license for 30 years, since then Fura Gems has implemented cutting-edge technology to improve safety and efficiency in the extraction of emeralds.

Screening Mina of Emeralds of Coscuez 2024

For experts, the Colombian emeralds of Coscuez have become a global brand. So much so that Dev Shetty, CEO and founder of Fura Gems, says that by December 2024:

"I can commit to Coscuez becoming the largest emerald mine in the world in dollars," Shetty confirmed.

With this statement it is clear that the company aims to become a leader in the ethical and sustainable gems industry, promising to improve the level and quality of extraction methods to ensure the quality of the gems of this region of the country.

Paula A. Bonilla 

Social communicator and journalist from Sergio Arboleda University in Colombia. She is also a jeweler and is passionate about constantly learning about precious gems and national high jewelry.

Currently, she is working for one of Bogotá's most important jewelry stores, Emerald by Love. This jewelry store has over 40 years of experience and has 2 physical branches in the capital city of Colombia, located in the city center.

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