The gemstone-mining company, Shefa Yamim, today announced that an expert gemologist, Dr. Gila Gavrielov, has valued cut and polished blue sapphire from the Kishon Mid Reach alluvial deposit owned by Shefa Yamim at $7,000 per carat.
Natural moissanite from the same “Gem Box” was valued at $10,000 per carat. The black Carmel sapphire was valued at $5,000 per carat cut and polished, and valuations were also given for a suite of other gemstones and mineral sands.
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Dr. Gavrielov report is especially important for the company as there are two unique and rare minerals found suite the precious stones, the Natural Moissanite and Carmel Sapphire.
Dr. Gavrielov has over 40 years of expertise and experience in the appraisal and purchase of precious stones for use in jewelry. Her expertize include joint ventures with Rapaport and the British Gemmological Institute evaluating gemstones, diamonds, and jewelry. She has also established a jewelry design business.
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The Natural moissanite found in Israel is the largest in both volume and size ever found globally (single crystals to >4mm).
The Carmel sapphire is not found anywhere else in the world and is formed of the rare mineral Carmelite, a newly discovered mineral internationally recognized by the International Mineralogical Association Commission on New Minerals, Nomenclature, and Classification.
Dr. Gavrielov wrote in her report:
“It is important to note that this “Gem Suite” comprises extremely rare and unique minerals that to-date have not been found on earth. These are Natural Moissanite, which were discovered by the company during exploration activity in the largest quantities and sizes in the world (as published by the GIA in August 2014).
“In addition is the Carmel Sapphire and the Carmeltazite within the Carmel Sapphire — a completely new mineral recognized as such by the IMA Commission on New Minerals, Nomenclature, and Classification. It can only be found in the Holy Land by Shefa Yamim exploration activity.
“The mineral is trapped inside the corundum from Volcanic Rocks of Mt. Carmel. Its origins have lent the mineral its name: “CARMEL” from the location of its discovery on Mt. Carmel (primary source), and “TAZ” from its major chemical components (Titanium, Aluminum, and Zirconium).”
“This is the reason why Shefa Yamim has called itself a “multi-commodity” exploration company. In my opinion, not only are the gems singular in their rarity and origins in the Holy Land, but the mine life is limited to an approximated 15 years maximum. This limited availability adds to the value of the gemstones.”
Avi Taub, CEO of Shefa Yamim, said: “We are delighted to have the valuation report done by such an eminent expert. This report in conjunction with the Technical Economic Evaluation for our Kishon Mid-Reach Zone 1 project has confirmed the Company’s assumptions regarding the significant commercial potential of the project as we move towards developing our first mine in the Kishon Mid-Reach Zone 1.
“I look forward to updating the market with further developments as we progress in implementing our ‘Mine to Market’ strategy to distribute worldwide fine jewellery collections using precious stones from our ‘Gem Box’ suite, which we believe can bring significant value to shareholders.”
