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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 warns of potential "setbacks" as interim profit plunges
27 Sep 2024 - Gemfields flags lower first-half profits
25 Sep 2024 - Gemfields flags lower first-half profits
25 Sep 2024 - Gemfields warns of 25% dip in interim earnings on lower revenue
25 Sep 2024 - UK earnings, trading statements calendar - next 7 days
20 Sep 2024 - IN BRIEF: Gemfields emerald revenue down more than expected after sale
16 Sep 2024 - IN BRIEF: Gemfields rakes in strong revenue at ruby auction this month
5 Sep 2024 - IN BRIEF: Gemfields interim auction revenue down 17% to USD121 million
26 Jul 2024
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
Gemfields warns of potential "setbacks" as interim profit plunges
(Alliance News) - Gemfields Group Ltd warned on Friday it is ready to take further measures amid uncertainty after its interim profit slumped by aroun...
Gemfields flags lower first-half profits
(Sharecast News) - Gemfields said in an update on Wednesday that it expected a first-half net profit after tax of $13.7m, down from $18.1m in the same...
Gemfields flags lower first-half profits
(Sharecast News) - Gemfields said in an update on Wednesday that it expected a first-half net profit after tax of $13.7m, down from $18.1m in the same...
Gemfields warns of 25% dip in interim earnings on lower revenue
(Alliance News) - Gemfields Group Ltd expects interim earnings to slump by a quarter, but maintains that the demand for rough emeralds and rubies rema...
IN BRIEF: Gemfields emerald revenue down more than expected after sale
Gemfields Group Ltd - London-headquartered gemstones miner and marketer - Generates revenues of USD10.8 million after emerald auction held during Augu...
IN BRIEF: Gemfields rakes in strong revenue at ruby auction this month
Gemfields Group Ltd - London-headquartered gemstones miner and marketer - Generates USD2.3 million in revenue, up 53% from USD1.5 million at an auctio...
IN BRIEF: Gemfields interim auction revenue down 17% to USD121 million
Gemfields Group Ltd - London-headquartered gemstones miner and marketer - Reports a 17% decline in auction revenue to USD121 million for the first six...
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