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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
- Gemfields shares tumble as CEO Sean Gilbertson exits amid challenges
30 Jun 2026 - Gemfields generates $23.1m in auction, warns of Montepuez issues
30 Jun 2026 - Mozambique's new mine ownership rules could deter foreign investment, industry body says
18 Jun 2026 - UK shareholder meetings calendar - next 7 days
16 Jun 2026 - 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
Related News
Gemfields shares tumble as CEO Sean Gilbertson exits amid challenges
(Alliance News) - Gemfields Group Ltd said on Tuesday Chief Executive Officer Sean Gilbertson will step down, with effect from July 15.
Gemfields generates $23.1m in auction, warns of Montepuez issues
(Sharecast News) - Gemfields said on Tuesday that its first Trade Select ruby auction generated $23.1m, although it warned that lower grades, plant co...
Mozambique's new mine ownership rules could deter foreign investment, industry body says
VICTORIA FALLS, Zimbabwe, June 18 (Reuters) - Mozambique's new law requiring the state to have a 15% stake in all mining ventures could deter forei...
Gemfields Grou. News
Gemfields shares tumble as CEO Sean Gilbertson exits amid challenges
(Alliance News) - Gemfields Group Ltd said on Tuesday Chief Executive Officer Sean Gilbertson will step down, with effect from July 15.
Gemfields generates $23.1m in auction, warns of Montepuez issues
(Sharecast News) - Gemfields said on Tuesday that its first Trade Select ruby auction generated $23.1m, although it warned that lower grades, plant co...
Mozambique's new mine ownership rules could deter foreign investment, industry body says
VICTORIA FALLS, Zimbabwe, June 18 (Reuters) - Mozambique's new law requiring the state to have a 15% stake in all mining ventures could deter forei...
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...
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