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LONDON (Alliance News) - Diamond miner Gemfields PLC Tuesday said it has discovered a pair of "exceptionally rare" matching rubies from the Montepuez ruby mine in Mozambique, which will be sold by auction next week in Singapore.
The newly-discovered rubies have a combined weight of 45 carats and follow on from the discovery of a 40 carat "Rhino ruby" last year at Montepuez.
"It is extremely rare to find two matching rubies of this size, colour and quality. Their discovery underscores the importance of the Montepuez deposit as a source of some of the highest quality rubies the world has seen in generations. If this remarkable matching pair was to make it to the Paris Biennale in 2016 they would simply steal the show!" said Chief Executive Ian Harebottle.
The Gemfields auction of higher-grade uncut rubies takes place from June 16 to 21, 2015 in Singapore.
Gemfield shares were up 2.2% to 61.29 pence per share on Tuesday afternoon.
By Joshua Warner; joshuawarner@alliancenews.com; @JoshAlliance
Copyright 2015 Alliance News Limited. All Rights Reserved.
