KORITE Reignites Global Presence - Expanding Ammolite’s Legacy in Asia
Hong Kong, March 18, 2025 — KORITE Ammolite, the world’s leading producer of Ammolite gemstones, is reaffirming its strength in the global market with a renewed focus on Asia. As the exclusive steward of one of the rarest gemstones on Earth, KORITE is committed to expanding the legacy of Ammolite—a natural gemstone revered for its rarity, vibrancy, and energy.
Ammolite’s appeal continues to rise, with its value increasing by approximately 300% over the past 15 years. Recognized as the Seven Color Prosperity Stone, Ammolite is highly sought after in Feng Shui for its ability to channel positive energy. For over two decades, KORITE worked alongside Feng Shui Master Edward Kui Ming Li, whose expertise helped shape Ammolite’s prominence in the industry. During this collaboration, Li declared Ammolite “The Most Influential Stone of the Millennium,” further solidifying its significance in Asian markets.
“We are honoured to reintroduce KORITE Ammolite to Asia, a region that appreciates beauty, energy, and the deeper meaning of Ammolite gemstones,” says Amarjeet Grewal, President and Co-Owner of KORITE. “With our history, expertise, and dedication to ethical sourcing, we are committed to making Ammolite a gemstone of choice for collectors and jewellery lovers alike.”
Following a successful series of meetings in Hong Kong earlier this month, KORITE continues to build strong relationships in the region. The company is 100% Canadian owned and operated, ensuring complete oversight of the Ammolite mining and jewellery production process. As a member of the International Colored Gemstone Association (ICA) Ethical Accreditation Program, KORITE upholds global best practices in ethical sourcing, transparency, and responsible mining.
“As the demand for rare, sustainable gemstones grows, Ammolite offers something truly unique—a natural treasure that is not only visually stunning but also rich in cultural significance,” adds Grewal. “We are excited to share this exceptional gemstone, crafted with respect for the earth and its traditions, with jewellery enthusiasts across this region.”
KORITE controls 95% of the world’s known Ammolite mining reserves, managing every step from extraction to finished jewellery. This mine-to-market approach guarantees authenticity and sets KORITE apart as the most trusted name in Ammolite. The gemstone remains in high demand for luxury jewellery, Feng Shui applications, and collectors worldwide.
Looking Ahead
In the coming months, Amarjeet Grewal will be in Hong Kong in June, 2025, to discuss jewellery collections and Ammonite fossils, and KORITE’s initiatives and innovations. Exclusive previews, one-on-one interviews, and first looks at new products are available to select media and industry insiders. KORITE is excited to bring Ammolite’s vibrant energy to new audiences in Asia, continuing its legacy as a leader in the industry.
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About KORITE
KORITE is vertically integrated, from operating the largest commercial Ammolite mine in the world to designing, manufacturing and selling fine jewellery and art in more than 28 countries. The company, its discovery team, craftspeople, designers and sales professionals stand by the quality and professionalism of every aspect of its international operations. Designed by nature and refined by KORITE. Luxury Canadian Ammolite for the world.
About Buffalo Rock Mining
Established in 2008 by Tracy and Beth Day Chief, Buffalo Rock Mining focuses on mining and distributing ethically sourced Ammonite. Operating in Alberta’s Bearpaw Formation, the company bridges Indigenous cultural traditions with commercial fossil markets to share the energy and beauty of Ammonite with the world.
For media inquiries, please contact:
Stephanie Jo
stephanie.jo@korite.com
Phone and Whatsapp
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For media inquiries, exclusives and interviews are available upon request.