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Gemfields first ruby auction generates $33.5 mln
June 18 (Reuters) - Precious stones miner Gemfields Plc said its inaugural ruby and corundum auction held inSingapore generated revenue of $33.5 million.
Gemfields, which mines rubies from its Montepuez deposit inMozambique, said the average realised price was $18.43 per caratfor the auction held during June 12-17.
Aggregate consolidated revenue from rough gemstone sales forthe year ending June 30 now exceeded $143 million, the companysaid. The London-listed miner produces about a fifth of theworld's rough emeralds. (Reporting by Karen Rebelo in Bangalore; Editing by GopakumarWarrier)
Latest GEM News
- UK shareholder meetings calendar - next 7 days
2 days ago - Mozambique tightens grip on mining with 15% state stake rule, local processing
4 Jun 2026 - Latest Gemfields emerald auction generates $26.8m
22 May 2026 - IN BRIEF: Gemfields emerald revenue falls amid caution, Mideast crisis
22 May 2026 - IN BRIEF: Gemfields mines deliver mixed G-factor for natural resources
9 Apr 2026 - Gemfields focuses on rebuilding after suffers another annual loss
26 Mar 2026 - Gemfields guides reduced annual loss amid signals of price improvement
24 Mar 2026 - UK earnings, trading statements calendar - next 7 days
19 Mar 2026
Related News
Mozambique tightens grip on mining with 15% state stake rule, local processing
* Mozambique pushing for local processing, joining African peers
Latest Gemfields emerald auction generates $26.8m
(Sharecast News) - Gemfields said on Friday that its latest auction of higher-quality emeralds generated $26.8m, with demand described as stable but c...
Gemfields Grou. News
Mozambique tightens grip on mining with 15% state stake rule, local processing
* Mozambique pushing for local processing, joining African peers
Latest Gemfields emerald auction generates $26.8m
(Sharecast News) - Gemfields said on Friday that its latest auction of higher-quality emeralds generated $26.8m, with demand described as stable but c...
IN BRIEF: Gemfields emerald revenue falls amid caution, Mideast crisis
Gemfields Group Ltd - London-based miner and marketer of coloured gemstones - Says revenue generated from an emerald auction held in Bangkok from May ...
IN BRIEF: Gemfields mines deliver mixed G-factor for natural resources
Gemfields Group Ltd - London-based miner and marketer of coloured gemstones - Confirms that its "G-factor for natural resources" for its 75%-held Zamb...
Gemfields focuses on rebuilding after suffers another annual loss
(Alliance News) - Gemfields Group Ltd on Thursday reported another annual loss, though narrower, as operational disruptions in Mozambique and Zambia w...
Gemfields guides reduced annual loss amid signals of price improvement
(Alliance News) - Gemfields Group Ltd on Tuesday said its annual loss narrowed despite a "difficult" 2025.
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