Bundle install ignores the devise gem

Error description

The problem is simple: I add gem 'devise' to my gemfile (a separate 'gem install devise' works just fine) but a subsequent 'bundle install' will do nothing. Funny thing is that the sqlite3-gem is indeed recognized and installed by bundler. 

Command run:
bundle install
yields:
Using rake (0.9.2)
Using abstract (1.0.0)
Using activesupport (3.0.9)
Using builder (2.1.2)
Using i18n (0.5.0)
Using activemodel (3.0.9)
Using erubis (2.6.6)
Using rack (1.2.3)
Using rack-mount (0.6.14)
Using rack-test (0.5.7)
Using tzinfo (0.3.29)
Using actionpack (3.0.9)
Using mime-types (1.16)
Using polyglot (0.3.2)
Using treetop (1.4.10)
Using mail (2.2.19)
Using actionmailer (3.0.9)
Using arel (2.0.10)
Using activerecord (3.0.9)
Using activeresource (3.0.9)
Using bundler (1.0.15)
Using rdoc (3.8)
Using thor (0.14.6)
Using railties (3.0.9)
Using rails (3.0.9)
Using sqlite3 (1.3.4)
Your bundle is complete! Use `bundle show [gemname]` to see where a bundled gem is installed.

No exception backtraces, ignores silently

bundle config:
Settings are listed in order of priority. The top value will be used.

bundle -v:
Bundler version 1.0.15

ruby -v:
ruby 1.9.2p290 (2011-07-09) [i386-mingw32]

gem -v:
1.8.6

rvm:
no

rubygems-bundle:
no

open_gem:
no

Gemfile

source 'http://rubygems.org'

gem 'rails', '3.0.9'

gem 'devise'

gem 'sqlite3'

Gemfile.lock

GEM
  remote: http://rubygems.org/
  specs:
    abstract (1.0.0)
    actionmailer (3.0.9)
      actionpack (= 3.0.9)
      mail (~> 2.2.19)
    actionpack (3.0.9)
      activemodel (= 3.0.9)
      activesupport (= 3.0.9)
      builder (~> 2.1.2)
      erubis (~> 2.6.6)
      i18n (~> 0.5.0)
      rack (~> 1.2.1)
      rack-mount (~> 0.6.14)
      rack-test (~> 0.5.7)
      tzinfo (~> 0.3.23)
    activemodel (3.0.9)
      activesupport (= 3.0.9)
      builder (~> 2.1.2)
      i18n (~> 0.5.0)
    activerecord (3.0.9)
      activemodel (= 3.0.9)
      activesupport (= 3.0.9)
      arel (~> 2.0.10)
      tzinfo (~> 0.3.23)
    activeresource (3.0.9)
      activemodel (= 3.0.9)
      activesupport (= 3.0.9)
    activesupport (3.0.9)
    arel (2.0.10)
    bcrypt-ruby (2.1.4-x86-mingw32)
    builder (2.1.2)
    devise (1.4.2)
      bcrypt-ruby (~> 2.1.2)
      orm_adapter (~> 0.0.3)
      warden (~> 1.0.3)
    erubis (2.6.6)
      abstract (>= 1.0.0)
    i18n (0.5.0)
    mail (2.2.19)
      activesupport (>= 2.3.6)
      i18n (>= 0.4.0)
      mime-types (~> 1.16)
      treetop (~> 1.4.8)
    mime-types (1.16)
    orm_adapter (0.0.5)
    polyglot (0.3.2)
    rack (1.2.3)
    rack-mount (0.6.14)
      rack (>= 1.0.0)
    rack-test (0.5.7)
      rack (>= 1.0)
    rails (3.0.9)
      actionmailer (= 3.0.9)
      actionpack (= 3.0.9)
      activerecord (= 3.0.9)
      activeresource (= 3.0.9)
      activesupport (= 3.0.9)
      bundler (~> 1.0)
      railties (= 3.0.9)
    railties (3.0.9)
      actionpack (= 3.0.9)
      activesupport (= 3.0.9)
      rake (>= 0.8.7)
      rdoc (~> 3.4)
      thor (~> 0.14.4)
    rake (0.9.2)
    rdoc (3.8)
    sqlite3 (1.3.4-x86-mingw32)
    thor (0.14.6)
    treetop (1.4.10)
      polyglot
      polyglot (>= 0.3.1)
    tzinfo (0.3.29)
    warden (1.0.5)
      rack (>= 1.0)

PLATFORMS
  x86-mingw32

DEPENDENCIES
  devise
  rails (= 3.0.9)
  sqlite3

This is the solution I have found.

gem 'devise', '~> 4.9.2'

[DEVISE] Please review the [changelog] and [upgrade guide] for more info on Hotwire / Turbo integration.

[changelog] https://github.com/heartcombo/devise/blob/main/CHANGELOG.md
[upgrade guide] https://github.com/heartcombo/devise/wiki/How-To:-Upgrade-to-Devise-4.9.0-%5BHotwire-Turbo-integration%5D