From Mine to Rostrum: Sotheby’s to Auction One of the Greatest Gem Discoveries of the Century

Estrela de Fura
Estrela de Fura_Gem

Estrela de Fura – Gem

AT 55.22 CARATS, THE RARE GEMSTONE IS THE LARGEST & MOST VALUABLE RUBY TO EVER APPEAR AT AUCTION

EXPECTED TO ACHIEVE IN EXCESS OF $30 MILLION UNEARTHED IN MOZAMBIQUE AND CUT FROM A 101 CARAT ROUGH

THE WORLD’S LARGEST GEM-QUALITY RUBY IN EXISTENCE – THE ESTRELA DE FURA 55.22 WILL HIGHLIGHT SOTHEBY’S MAGNIFICENT JEWELS AUCTION THIS JUNE

Already in its rough state, the Estrela de Fura showed its extraordinary quality traits with a potential to become a one-of-a-kind gemstone.
The cutter was able to realize this potential and created a faceted ruby with an astounding 55.22 ct weight, displaying a saturated and homogeneous red color, combined with a degree of clarity unseen in any other unheated ruby of comparable size.
To see a natural ruby of this size, with such a combination of quality characteristics spared from treatment was considered almost unimaginable.
The natural ruby of 55.22 ct is setting a new record not only for Mozambican rubies, but also for rubies in general.”
The Gübelin Gem Lab

NEW YORK, April 06, 2023 (GLOBE NEWSWIRE) — When FURA Gems announced its historic uncovering of the world’s largest gem-quality ruby ever discovered in September 2022, the news dominated headlines the world over, prompting tremendous excitement and taking the gemstone market by storm. Unearthed from FURA’s ruby mine in Montepuez, Mozambique in July of 2022, the gemstone – weighing an astonishing 101 carats – was subsequently named Estrela de FURA (Star of FURA in Portuguese), in a nod to its outstanding depth of color and size, and to shine a spotlight on Mozambique as a rich source of premium quality rubies. Even in its rough, untouched state, Estrela de FURA was considered by experts as an exceptional treasure of nature for its fluorescence, outstanding clarity and vivid red hue, known as ‘pigeon’s blood’ – a color traditionally associated only with Burmese rubies.

Estrela de Fura _ Raw gem
Estrela de Fura _ Raw gem

Estrela de Fura _ Raw gem

Now seven months after its initial debut, as the hammer fell on the final lot of The Exceptional Luxury Evening Auction in Hong Kong, speculation on the ruby’s whereabouts were finally put to rest when Sotheby’s auctioneer, Uni Kim, officially unveiled Estrela de FURA 55.22 to the world. Weighing a sizable 55.22 carats, this exceptionally important and rare Mozambique gem is the largest gem-quality ruby to ever appear at auction. Its combination of rich saturation of color, untouched by heat treatment, highly crystalline appearance and incomparable size that – with an estimate in excess of $30 million – places Estrela de FURA 55.22 as the most valuable and important ruby ever to come to market.

Following an initial series of studies of the 101 carat rough crystal to determine cutting options in the beginning of year, Estrela de FURA was masterfully cut and faceted by a team of artisans – with the rough transformed into a beautiful cushion-shaped stone, which according to a report from the Swiss Gemmological Institute (SSEF), “resulted in vivid red hues due to multiple internal reflections.” The report further states, “a natural ruby from Mozambique of this size and quality can be considered very rare and thus anexceptional treasure of nature.” The aforenamed gem is profoundly rich in chromium which, when exposed to ultraviolet light – as found in sunlight – causes the stone to radiate a fiery red fluorescence, further enhancing the stone’s vibrancy, as though lit from within.

Estrela de Fura _ lifestyle
Estrela de Fura _ lifestyle

Estrela de Fura _ lifestyle

The ruby has become one of the most sought-after colored gemstones at a time when color dominates the world of jewels and rarity drives the market. Rubies of this importance and magnitude are exceedingly rare, with only two examples having ever broken the $15 million barrier at auction, making the appearance of the present gem a landmark event in itself. The Gübelin Gem Lab states further that the ruby “is setting a new record not only for Mozambican rubies, but also for rubies in general.” Estrela de FURA 55.22 is poised to make history as it sets to surpass The Sunrise Ruby, a 25.59 carat ruby of Burmese origin, which sold for $30.3 million ($1,185,451 per carat) at Sotheby’s Geneva in 2015, and still holds the world auction record for a ruby*.

The stone’s new journey commences today at Sotheby’s Hong Kong, where it will then embark on a worldwide tour, with exhibitions scheduled in Taipei, China, Singapore, Geneva and Dubai (full dates will be released in due course) before it stars in Sotheby’s Magnificent Jewels auction in New York on 8 June.

__________________________________________________________________________________

The miraculous discovery last year of the 101 carat Estrela de FURA at the FURA mine in Mozambique was of immense importance, shocking all those in the jewelry world. Now, in its newly transformed state of 55.22 carats, Estrela de FURA 55.22, is a true wonder of nature and sensational stone of perfect color and exceptional clarity, combined with a superb cushion shape. It is undoubtedly positioned to become the standard bearer for African rubies – and gemstones in general, bringing global awareness to their ability to be on par with, and even outshine, those from Burma, which have traditionally been the most desirable and recognizable source for rubies,declares Quig Bruning, Head of Sotheby’s Jewelry, Americas.

We, at FURA, are incredibly proud of the discovery of Estrela de FURA at such an early part of our Mozambican journey. Important gemstones, such as Estrela de FURA, are extremely rare, and a beautifully faceted gem-quality ruby of 55.22 carats is almost unheard of. From the in-depth analysis and study of the stone – through the process of cutting and polishing – we have worked with the utmost care and respect for the Ruby, recognizing its importance and stature. Witnessing the completion of Estrela de FURA 55.22 was a monumental achievement for all of us, and we are excited that a new page in the story of this incredible gem and Mozambican rubies is about to be written with Sotheby’s,declares Dev Shetty, Founder and Chief Executive Officer of FURA Gems.

__________________________________________________________________________________

RUBY MINING IN MOZAMBIQUE

Ruby mining in Mozambique beholds a long, rich history, with the first significant discoveries of ruby deposits in the country dating back to the 1960s. However, it was not until the early 2000s that the mining of rubies in Mozambique gained real momentum, with the discovery of the Montepuez ruby deposit in the northern part of the country, where the Estrela de FURA rough crystal was originally found. The best of these rubies from Mozambique are characterized by an outstanding transparency and rich color, resulting in extraordinary overall quality. The Montepuez ruby deposit is one of the largest ruby deposits in the world, attracting significant interest from international mining companies.

__________________________________________________________________________________

A NOTE TO EDITORS

*The current world record for a ruby sold at auction is held by the ‘Sunrise Ruby,’ a 25.59 carat Burmese stone, which was auctioned at Sotheby’s Geneva in May 2015 for $30.3 million. This price also established a new record for any ruby per carat ($1,185,451 per carat), at the time

__________________________________________________________________________________

ABOUT FURA GEMS

FURA Gems Inc. is a young coloured gemstone mining and marketing company established in 2017. Headquartered in Dubai, United Arab Emirates, FURA has over 1,200 employees across continents. It is the first truly pioneering, creative and ethical enterprise to cover the entire spectrum of coloured gemstones.

FURA has three mining operating subsidiaries in Colombia, Mozambique, and Australia, that mine emeralds, rubies, and sapphires respectively. It is the fastest growing coloured gemstone mining company with the sole objective of ensuring stability and traceability of ethically mined coloured gemstones from rough to retail.

FURA Gems will allocate a portion of the proceeds of the sale towards setting up the Fura Training Academy to support the community where it operates in Mozambique.

The key objective is to promote access to qualified education and technical training to the local population in different work streams such as mining, carpentry, engineering, and agriculture to provide them with a sustainable income. www.furagems.com

__________________________________________________________________________________

CONTACT AT FURA GEMS INC. FURA COMMUNICATION

MR GIANLUCA MAINA | [email protected]

Photos accompanying this announcement are available at

https://www.globenewswire.com/NewsRoom/AttachmentNg/b1433b00-f614-4216-8a1a-ebaee7e1db31
https://www.globenewswire.com/NewsRoom/AttachmentNg/a4e05397-5511-4677-bf29-4e2c856d5bd5
https://www.globenewswire.com/NewsRoom/AttachmentNg/be3a749e-fd1d-4314-96f3-bc2ca459e829

GlobeNewswire Distribution ID 1000802550

NEUCHIPS RecAccel N3000 Delivers Industry Leading Results for MLPerf v3.0 DLRM Inference Benchmarking

SAN JOSE, CA / ACCESSWIRE / April 5, 2023 / NEUCHIPS, the leader in AI ASIC platforms for deep learning recommendation, participated in MLPerf™ v3.0 with their RecAccel™ N3000 and demonstrated industry-leading performance and power efficiency. The RecAccel™ N3000 system delivered 1.7x better perf-per-watt for inference DLRM while maintaining 99.9% accuracy leveraging its INT8 calibrator. The RecAccel™ Quad-N3000 PCIe card is expected to increase perf-per-watt 2.2x while also delivering the lowest total cost of ownership (TCO). These results give cloud service providers confidence to choose a new solution on existing and future data center platforms.

Performance per Watt
The RecAccel Quad-N3000 PCIe card is expected to increase perf-per-watt 2.2x more than GPU H100 PCIe.

MLPerf™ v3.0 testing was performed on a GIGABYTE G482-Z54 server with AMD EPYC™ 7452 32-core CPU and contained eight RecAccel™-N3000-32G-PCIe cards. During the system testing, the RecAccel™ N3000 performance resulted in nearly 100% scaling across each card.

“We deliver high-performance computing products that help intelligent systems effectively manage complex data sets,” said Kumaran Siva, corporate vice president, Strategic Business Development, AMD. “We are extremely proud of the joint work we have done with NEUCHIPS to achieve leadership performance and power efficiency for DLRM inference in MLPerf™ v3.0 using AMD EPYC processors. We look forward to continue working with NEUCHIPS to deliver industry-leading AI solutions.”

“We were thrilled to participate in MLPerf™ v3.0 and achieve our goal to deliver the world’s most energy-efficient DLRM inference platform with the first domain specific architecture,” said Youn-Long Lin, the CEO and Chairman of NEUCHIPS. “We look forward to working with the cloud ecosystem to support industry sustainability initiatives.”

About NEUCHIPS Inc.

NEUCHIPS Inc. is an AI ASIC solution provider founded by a team of veteran IC & SW design experts in 2019 who are focused on designing the world’s best recommendation systems. Our management and R&D team has decades of experience from leading semiconductor companies and hold patents in signal processing, neural networks, and circuit design.

AMD, the AMD Arrow logo, EPYC, and combinations thereof, are trademarks of Advanced Micro Devices, Inc. Other names are for informational purposes only and may be trademarks of their respective owners.

Contact Information

Kinny Chen
BD Manager
[email protected]

Tim Lauer
[email protected]

SOURCE: NEUCHIPS

Nigerian army achieving self-sufficiency in defence production – COAS

The Chief of Army Staff (COAS), Lt.-Gen. Faruk Yahaya, says the Nigerian Army is on course towards achieving self-sufficiency in defence production.

Yahaya said this on Wednesday in Abuja, at the closing of the Chief of Army Staff First Quarter Conference, 2023.

He said that there were notable effects of Research and Development in the successes of militaries world over.

According to him, this is judging from the items showcased by various establishments during the Research and Development Exhibition at the beginning of the conference.

“I have no doubt that we are on course towards achieving self-sufficiency in defence production.

“I am glad that the Nigerian army research and development efforts has in recent times received renewed push to contribute towards addressing our needs and contemporary challenges.

“The newly established Nigerian Army Heritage and Future Centre is also positioned to support the research and development effort Nigerian Army delivers.

“We should also continue to harness and encourage personnel with research potentials to put more efforts to enhance our research and development, and be innovative to reposition the Nigerian Army to curb contemporary challenges,” he said.

The COAS said that the interaction during the conference had elicited actionable ideas that would undoubtedly improve army’s kinetic and non-kinetic operations.

He said the conference had also afforded the Army, the opportunity to adequately appraise ita efforts for better outputs for the remaining months of the year and beyond.

He commended the troops for their effort, dedication, commitment and sacrifices across all theatres of operation and during the just-concluded Operation Safe Conduct.

He also commended them for the collaboration with sister services, other security agencies and civil/military cooperation.

According to him, there is no gainsaying that there is need to sustain these collaborations to guarantee cohesiveness and resolve in the defence of the nation.

Yahaya said the establishment of Faruk Yahaya Historical Park was part of efforts geared towards commemorating and preserving the cherished history of serving and retired Nigerian army officers and soldiers.

He said the park, an extension of the Nigerian Army Museum, also honoured their fallen heroes and keeps records of deserving personnel who served the nation valiantly with legendary leadership qualities.

“The park provides a sense of belonging, a sense of pride, and a sense of honour to the families of our deceased and serving colleagues whose names are inscribed in recognition of their service,” he said.

The Army chief noted that the service had remained sensitive to troops morale on its performance in operations, hence the procurement of 25 new Toyota Hilux vehicles for 25 Army Warrant Officers among other welfare packages.

He said the welfare packages were also aimed at encouraging young soldiers to remain steadfast, committed and aspire to attain the coveted rank.

“In the coming days and into the future, we should continue to improve on the general welfare and administration of our men and their families which I consider very key in all human endeavours.

The COAS urged commanders at all levels to strive to improve on the recorded achievements of the Nigerian army and ensure thorough supervision, briefing and debriefing of troops under those commands.

Source: News Agency of Nigeria

Court remands man for allegedly swindling commercial sex worker

A Dei-Dei Grade 1 Area Court, Abuja, on Thursday ordered that a 30-year-old man, Victor Emeka be remanded in a correctional centre for allegedly swindling a commercial sex worker.

The police charged Emeka of Mpape, Abuja, with criminal breach of trust and theft which he pleaded not guilty to.

The judge, Mr Saminu Suleiman, ordered that the defendant should be taken to Suleja correctional centre until May 5, when the facts of the case would be reviewed.

Earlier, the Prosecution Counsel, Mr Chinedu Ogada told the court that the complainant, Sandra Orogbo of White House Hotel Abuja, reported the case at the Zuba Police Station on March 17.

Ogada alleged that the defendant went to the hotel, patronised the complainant with a promise to pay her N2,000 for her services on March 16.

He added that after the complainant rendered her service to the defendant, he refused to pay her.

Ogada said the defendant further deceived the complainant to Suleja, collected her cell phone valued N60,000 and ran away.

He added that the defendant eventually got arrested and was handed over to the police for investigation.

The offence he said contravened the provisions of sections 265 and 287 of the Penal Code.

Source: News Agency of Nigeria

Vulcanizer docked for receiving stolen bicycle

A 40-year-old vulcanizer, Mohammed Ibrahim, was on Thursday docked in an Upper Area Court in Gwagwalada, FCT for allegedly receiving a stolen bicycle from a minor.

The police charged Ibrahim who resides in Chukuku village Kuje, FCT, with receiving stolen property.

The Prosecution Counsel, S.K. Iyakwo told the court that Mr Sunday John of Old Kutunku Gwagwalada Abuja, reported the matter at the police station on April 2.

Iyakwo said that on March 10 a minor, 16, stole the complainant’s bicycle worth N35,000 and sold it to the defendant for N6,000.

He said that during police investigation the stolen bicycle was recovered from the defendant.

The prosecutor said that the offence contravened the provision of Section 316 of the Penal Code.

The defendant, however, pleaded not guilty to the charge.

The Defence Counsel, Mr Ayam Micheal, in an oral bail application prayed the court to grant his client bail in the most liberal terms.

Michael cited Section 158, 161 and 162 of the Administration of Criminal Justice Act (ACJA) to buttress his claims for bail.

The Judge, Malam Abdullahi Abdulkarim, admitted the defendant to bail in the sum of N50,000 with one surety in like sum.

He ordered that the surety must reside within the jurisdiction of the court and adjourned the case until May 3 for hearing.

Source: News Agency of Nigeria

Katsina senator-elect, Yar’Adua promises to deliver on campaign promises

Abdul’aziz Yar’Adua, the All Progressives Congress (APC)’s Senator-elect for Katsina Central Senatorial District, has promised to deliver his campaign promises to the people of the zone.

Yar’Adua, who toured the 11 local government areas that constitute his senatorial district, said the visit was to thank them for the election victory.

The statement was made available to newsmen on Thursday in Abuja by Mr Abubakar Umar, a legal practitioner and member of the APC in the state.

Yar’Adua said the visit was to show appreciation to the people on behalf of the President-elect, Sen. Bola Tinubu; Katsina State Governor-elect, Dr Dikko Radda and his humble self.

“The tour, which started on Tuesday, 28th of March to Saturday, 1st of April, 2023 across the local governments, was to express gratitude and appreciation to the people who stood firm to see that the APC emerged victorious in the just-concluded elections and to assure them of our commitments in making sure that the campaign promises are prioritised.

“The tour involved meeting with traditional rulers, party EXCOS and stakeholders from each local government,” he said.

The senator-elect, a retired Lt.-Col. in the army and younger brother to late President Umaru Yar’Adua, said it was imperative for him to visit his constituents just as he did before the elections to let them know that they had made the right choice.

“We will do everything within our capacity to see that your concerns are taken care of, especially the issue of banditry that has destabilised the peace in the state.

“The President-elect Alhaji Ahmed Bola Tinubu, Katsina Governor-elect Dr. Dikko Umar Radda and myself have Issue of insecurity as one of our top most priorities,” he said.

On his part, Umar said the visit was a tip of the iceberg out of what the lawmaker-elect had in store for the people.

According to him, hopefully, this practice of holding townhall meetings will be a continuous one as it afford the people the opportunity to interact with their elected representatives and voice their concerns.

Sani Baba, a resident of Batsari Local Government in the state, thanked the senator-elect for the engagement.

Baba, a 45-year-old farmer, said Yar’Adua’s visit was the first time any elected official would ever embarked on such a tour to show appreciation to the electorate.

“This shows that the newly elected government is serious with its campaign promises and the people can count on them,” he said.

The News Agency of Nigeria (NAN) reports that the senatör-elect was awarded a certificate of merit at Kaita Local Government Area by representative of the National Youth Council of Nigeria, Comrade Aliyu Kaita.

Other party members in company of Yar’Adua include Mr Usman Banye, member-elect representing Rimi, Batagarawa and Charanchi; Hon. Mu’azu Tsagero; Alhaji Tanimu Gwarzo and Alhaji Abdullahi Moda.

Source: News Agency of Nigeria

Nigerian weightlifter Olarinonye appointed to Athletes Commission

Nigerian weightlifter, Adenike Olarinoye has been appointed as member of the Athlete’s Commission of the Association of National Olympic Committees of Africa (ANOCA).

A statement from Tony Nezianya, Public Relations Officer, Nigeria Olympic Committee (NOC) on Thursday said the appointment was approved at an ANOCA forum held in Algiers, Algeria.

Nezianya also quoted NOC Secretary-General, Tunde Poopola, in a congratulatory message that Olarinoye’s exploit in weightlifting earned her the international appointment.

“There’s no doubt that your appointment is a pride to you but the NOC as well and improve your personal growth generally in sports.

“Once again and on behalf of members of the Olympic Family, we praise this outstanding achievement,” the statement quoted Poopola as saying.

Olarinoye who is of the Nigeria Weightlifting Federation, represented Nigeria at the 2019 African Games which is her maiden African Games appearance.

She claimed three medals including two gold medals and silver medal in the women’s 55 kg weightlifting event.

The athlete also created a new African record in weightlifting in the clean and jerk category by lifting 116 kg during the 2019 African Games.

At the 2022 Commonwealth Games in Birmingham, UK she won the gold medal with two new Commonwealth Games Records, 92kg in snatch and 203 kg overall.

Source: News Agency of Nigeria

Counter-terrorism: COAS harps on dialogue, cooperation between government, non-governmental actors

The Chief of Army Staff, Lt.-Gen. Faruk Yahaya, says dialogue and cooperation between government and non-governmental actors were vital to preventing and countering terrorism and violence.

Yahaya, represented by the Chief of Training (Army), Maj.-Gen. Sani Mohammed, said this while speaking at the Army War College Nigeria (AWCN) Interagency Seminar 2023 on Thursday in Abuja.

He said that there was the need to regard the broader public, local communities and the private sector as partners and stakeholders in the collective effort to countering threats bedevilling the nation.

He added that the aforementioned stakeholders must no longer be regarded as passive, but as active participants in security and law enforcement activities.

“This we must achieve by streamlining our efforts for the collective goal of enhancing national security.

“Streamlining all initiatives for countering threats to security will be premised on effective partnerships between all the actors.

“Civil society is a very important stakeholder in this regard as it helps to create the space for constructive engagement between the state and citizens,

“It helps to foster trust and understanding between the state and citizens as they take ownership of strategies put in place to counter their collective threat,’’ he said.

He stressed that partnerships between stakeholders would help to eliminate mistrust, conceptual misunderstandings, and differences in understanding of national security issues.

“Indeed the time for the full involvement of society in efforts to counter our internal security challenges is overdue.

“This is more so in the understanding that no stakeholder can successfully counter internal security challenges single-handedly.

“It also informed my vision for a professional Nigerian army ready to accomplish assigned missions within a joint environment in the defence of Nigeria,’’ he said.

He added that the current asymmetric environment required the collaboration of all military efforts as the military had made tremendous strides in countering internal security threats.

He said there was the need to build upon the gains so far made through cooperation by all other relevant security agencies.

He said also that the seminar could not have come at a better time than this post-general election period.

“Apart from serving as a medium for appraising our collective efforts at steering Nigeria, the seminar affords us an opportunity to appraise our collective performances during the just-concluded elections.

“Added to this, all of us as a nation have come to the realisation that our operations need to be intelligence-driven,’’ he added.

In his contribution, Commandant of AWCN, Maj.-Gen. Bamidele Alabi, said the seminar was part of the college’s curriculum for Course 7/2023 which was inaugurated on Feb. 17 with 74 participants.

Alabi said that in dealing with crises arising from the actions of actors within Nigeria’s geostrategic environment, it was essential to employ all the elements of national power to stem the tide.

He added that the projection of the elements of national power required security agencies, Ministries, Departments and Agencies (MDAs) to cooperate and collaborate towards the attainment of national objectives.

He added that interagency cooperation and coordination module of the course was designed to equip participants with the knowledge required to operate with governmental and non-governmental agencies.

“The seminar is another step towards enhancing interagency cooperation and coordination among MDAS as well as an opportunity for them to discuss thematic issues affecting the management of the security sector.

“It is hoped that this seminar will also highlight the fundamental issues in the management of our nation’s defence and security sector,’’ Alabi said.

The seminar has “Streamlining initiative towards effective interagency collaborations in Nigeria’’ as its theme.

Source: News Agency of Nigeria