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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
- IN BRIEF: Gemfields unit shuts operations after attack in Mozambique
14 Feb 2023 - IN BRIEF: Gemfields hits new annual auction revenue record
31 Jan 2023 - IN BRIEF: Gemfields begins USD10 million share buyback programme
20 Dec 2022 - IN BRIEF: Gemfields ruby auction lifts annual revenue to new record
9 Dec 2022 - IN BRIEF: Gemfields records USD30.8 million in revenue after auction
18 Nov 2022 - Gemfields operations resume in Mozambique after insurgency attack
24 Oct 2022 - Gemfields shares sink as operations cease after attack in Mozambique
20 Oct 2022 - LONDON MARKET MIDDAY: FTSE lower as UK PM Truss hangs on by thread
20 Oct 2022
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Gemfields Grou. News
IN BRIEF: Gemfields unit shuts operations after attack in Mozambique
Gemfields Group Ltd - London-headquartered gemstones supplier - Says its subsidiary Nairoto Resources Ltda has ceased operations following an insurgen...
IN BRIEF: Gemfields hits new annual auction revenue record
Gemfields Group Ltd - London-headquartered gemstones supplier - Sets new annual auction revenue of USD316 million in 2022, up 32% from USD240 million ...
IN BRIEF: Gemfields begins USD10 million share buyback programme
Gemfields Group Ltd - London-headquartered gemstones supplier - Begins USD10 million share buyback programme, after receiving approval from shareholde...
IN BRIEF: Gemfields ruby auction lifts annual revenue to new record
Gemfields Group Ltd - London-headquartered gemstones supplier - Generates USD66.8 million in revenue following a ruby auction held in Bangkok from Nov...
IN BRIEF: Gemfields records USD30.8 million in revenue after auction
Gemfields Group Ltd - London-headquartered gemstones supplier - Generates USD30.8 million in revenue after an emerald auction held from October 30 to ...
Gemfields operations resume in Mozambique after insurgency attack
(Alliance News) - Gemfields Group Ltd said on Monday its operations in the northern Cabo Delgado province in Mozambique have resumed after militants r...
Gemfields shares sink as operations cease after attack in Mozambique
(Alliance News) - Gemfields Group Ltd said on Thursday it remained vigilant after a neighbouring ruby mine came under attack in the northern Cabo Delg...
LONDON MARKET MIDDAY: FTSE lower as UK PM Truss hangs on by thread
(Alliance News) - Blue-chip European equities struggled to make headway on Thursday, with US Federal Reserve rate hike worries and UK political instab...
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