WHO WE ARE

  • Fura: At a Glance
  • Vision & Mission
  • Timeline
  • Leadership

In an ancient Colombian legend, Tena and Fura were husband and wife, joined together as one. Deeply devoted to each other, their spirits remained united until an act of explosive passion divided the couple forever, forcing them apart and into the two sacred mountaintops. As Fura wept over the separation, her tears became emeralds, preserving her love for eternity.

From this classic story, we were inspired to create FURA Gems Inc.’s unique identity as a revolutionary gemstone mining and marketing company.

From our Dubai-based headquarters, we sustainably source gemstones from our mining sites around the world, using industry best practices.

FURA’s initial focus includes mining ruby assets in Mozambique and emeralds in Colombia. Together with our trusted partners, we also market these beautiful treasures across reliable selling platforms.

As a listed company on Canada’s TSX Venture Exchange (ticker symbol: FURA.V) and a member of the Forbes & Manhattan Group, we strive to champion transparency and principled operations for all of our projects whilst bringing sophisticated mining and marketing to the global gemstone market, together with all our stakeholders, we are committed to the timeless pursuit of perfection.

FURA.

Harnessing
passion.
Reshaping our world.

Fura Tena mountain, Colombia

  • Vision

    As a progressive and imaginative company, we aim to set the new precedent for best practices in the gemstone industry by transforming current standards into the premiere example of employee-friendly, sustainability-driven, community-centered enterprise.

  • Mission

    Our mission is to create unique opportunities for all our stakeholders by partnering with surrounding communities to focus on known and proven gemstone belts including existing yet undervalued assets, supply rough gemstones through organised and transparent selling platforms, and promote mined gemstones around the world.

Jan
2017

Dev Shetty
appointed as
President & CEO

May

C$ 3 Million
raised via a
private placement

May

Industry veterans appointed
to take core management roles

Jun

Almas Tower, Dubai
became FURA’s
administrative headquarters

Jul

C$ 4 Million
raised via a
private placement

Nov

Mozambique ruby
licenses acquisition
complete

Jan
2018

Colombian emerald
assets, Coscuez mine
acquisition complete

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FURA’s leadership team brings together experienced professionals and industry veterans from the gemstone, mining, and financial sectors who are fuelled by a collective passion to revolutionise the industry.

  • Core Management Team
  • Board of Directors

Dev Shetty

President and CEO

Mr. Shetty joined FURA in January 2017 as President and Chief Executive Officer. Prior to joining FURA, Mr. Shetty was the group chief operating officer and board member of Gemfields Plc. He was instrumental in leading Gemfields to become the world’s largest colour gemstone company from 2009 to 2016. Mr Shetty played a vital role in developing the world’s largest producing emerald mine in Zambia and the greenfield ruby project in Mozambique, which is believed to be the largest ruby deposit in the world. Previously, Mr. Shetty gained valuable experience in the fields of start-ups, mergers and acquisitions, business turnaround, project management, strategy and finance during his tenure with a private equity firm and a manufacturing company. Mr. Shetty graduated from Mumbai University and is a qualified chartered accountant.

Ashim Roy

Vice President - Operations

Mr. Roy joined FURA in November 2017 as vice president of operations and will be responsible for the company’s global mining and exploration operations. Prior to joining FURA, Mr. Roy served as general manager for Gemfields Plc, overseeing the Montepuez ruby mine (Mozambique), and as head of geology and exploration at the Kagem emerald mine (Zambia). He also developed Gemfields’ greenfield ruby project in Mozambique, which is believed to be one of the world’s largest ruby deposits. Over the last two decades, Mr. Roy has worked as a senior scientist in theDepartment of Atomic Energy for the Government of India where he specialised in atomic minerals and rare earth-related minerals. Mr. Roy is a professional geoscientist and holds a Master in Applied Geology and Master in Business Administration from India.

Rupak Sen

Vice President - Marketing and Sales

Mr. Sen joined FURA in November 2017 as Vice President – Marketing and Sales. Mr. Sen’s responsibilities include global marketing, communications and sales of rough gemstones. Prior to joining FURA, Mr. Sen was acting global Director of marketing and polished sales and marketing and sales director for Asia for Gemfields plc. During his 9-year stint with Gemfields, Mr. Sen was instrumental in implementing the ‘mines and market’ strategy in Asia. Mr. Sen was responsible for overall advertising, public relations, sponsorships, research, co-branding, comarketing, education and training in his territory. Prior to working with Gemfields, Mr Sen has worked has worked for companies such as De Beers (Diamond Promotion Service) and Swatch Group. Mr. Sen has a Bachelors in Business Administration and Economics from India.

Ryan Ptolemy

Chief Financial Officer

Mr. Ptolemy is part of Forbes and Manhattan Group (‘F&M’) and began serving as FURA’s chief financial officer in April 2017. Mr. Ptolemy is CFO of several F&M public and private mining companies, with a particular focus on the exploration and development stages in South America. Before joining F&M, he was CFO of an independent investment dealer in Toronto where he was responsible for financial reporting, auditing, budgeting and internal controls. Mr. Ptolemy is a certified public accountant and certified financial analyst charter holder.

Damien Lopez

Legal Counsel

Mr. Lopez has served as FURA’s legal counsel since April 2017 and is a part of Forbes and Manhattan Group (‘F&M’). As a corporate securities lawyer, Mr. Lopez advises various F&M companies listed on the Toronto Stock Exchange and TSX Venture Exchange. Prior to joining F&M, Mr. Lopez was a securities, and merger and acquisitions lawyer at a prominent Toronto corporate legal firm. Mr. Lopez earned a Juris Doctorate from Osgoode Hall Law School, Toronto, and is also a director of the Canadian Hispanic Bar Association.

Tarun Malkani

Business Advisor

Starting in January 2017, Mr. Malkani has advised FURA on new opportunities and works closely with Mr. Shetty. Previously, he held senior management positions with Rio Tinto, Alcan, Eastman Chemicals, Monsanto, Bayer, and Exim Bank and was the chief operating officer for Rio Tinto's Bunder diamond project in India. Mr. Malkani has almost a decade of experience in metals and mining, and graduated as a chemical engineer from the Institute of Chemical Technology. He also earned his Master in Business Administration from the Indian Institute of Management - Calcutta.

Joe Carabba

Non-Executive Chairman

Mr. Carrabba joined FURA in November 2017 as Non-Executive Chairman of FURA’s Board. Mr. Carrabba is  the former Chairman and President & CEO of Cliffs Natural Resources Inc., formerly Cleveland-Cliffs Inc., where he served in executive capacities from 2005 to 2013.  Prior to joining Cliffs Natural Resources Inc., Mr. Carrabba gained broad experience in the mining industry throughout Canada, the United States, Asia, Australia and Europe.  He served for over 20 years in a variety of leadership capacities at Rio Tinto, a global mining company, including as President and Chief Operating Officer of Rio Tinto’s Diavik Diamond Mines, Inc. in the Northwest Territories. Mr. Carrabba is also a director of Newmont Mining Corporation, Aecon Group Inc., Timken Steel and NioCorp Developments Ltd. Mr. Carrabba holds a Bachelor of Arts from Capital University in Ohio and a Master of Business Administration from Frostburg State University in Maryland.

Dev Shetty

President and CEO

Mr. Shetty joined FURA in January 2017 as President and Chief Executive Officer. Prior to joining FURA, Mr. Shetty was the group chief operating officer and board member of Gemfields Plc. He was instrumental in leading Gemfields to become the world’s largest colour gemstone company from 2009 to 2016. Mr Shetty played a vital role in developing the world’s largest producing emerald mine in Zambia and the greenfield ruby project in Mozambique, which is believed to be the largest ruby deposit in the world. Previously, Mr. Shetty gained valuable experience in the fields of start-ups, mergers and acquisitions, business turnaround, project management, strategy and finance during his tenure with a private equity firm and a manufacturing company. Mr. Shetty graduated from Mumbai University and is a qualified chartered accountant.

Jamie Lalinde

Board Member

Mr. Lalinde spent 20 years in the banking industry, working for Chase Manhattan Bank, Merrill Lynch and at Citibank N.A. in New York. At Citibank N.A., he served as team leader and country manager for the company’s Mexican and Colombian interests. He also was the founder and president of La Esperanza Mining. Mr. Lalinde received a Bachelor of Arts at Bogota's University of Los Andes and obtained his Master in Philosophy and Political Science at the University of Illinois.

Robert Schrader

Board Member

Mr. Schrader has extensive engineering expertise, having earned a Bachelor of Science in Mechanical Engineering from Michigan Technological University. He worked in the civil engineering field with Schrader Camargo Ingenieros S.A, Ipco Group (Singapore), Ferrostaal, and Fishback and Moore, and served as a director of COBEC S.A. He was a partner and led project direction at La Esperanza Mining. Mr. Schrader also earned a Master in Business Administration from Rotterdam School of Management and a Specialisation in Finance from Los Andes University.