Richland appoints sightholders for Australian sapphires

Aim-listed gemstone producer Richland Resources’ Capricorn Sapphire subsidiary has entered into an exclusivity and supply agreement with jewellery manufacturer Royal Touch, which will buy all its heated green sapphires on an exclusive basis for the majority of the size fractions. The sapphires, which are recovered from the Capricorn Sapphire mine, in Queensland, Australia, are heated at Capricorn's beneficiation facility in Thailand.