Dev Shetty, the founder of Fura Gems who has led the miner since its inception in 2017, is stepping down as its CEO.
In a statement, the Dubai-based company said Shetty—who formerly worked for another colored stone miner, Gemfields—is leaving Fura to “pursue other opportunities.”
“The board of directors will assume the role of the primary decision-making body until a new CEO is announced,” it said. “The current senior leadership team [will] manage the company’s day-to-day operations in close collaboration with the board.”
Gaurav Gupta, Fura board director and head of its majority shareholder, added: “The restructuring of our leadership team is a next step in driving forward our strategy, building on the progress made to create a world-class business which meets the evolving demands of the gemstone market.”
Fura owns three mines in Colombia, Mozambique, and Australia, which produce emeralds, rubies, and sapphires.
Photo courtesy of Fura Gems
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