Less Ads, More Data, More Tools Register for FREE

Pin to quick picksGemfields Grou. Share News (GEM)

Share Price Information for Gemfields Grou. (GEM)

Share Price is delayed by 15 minutes
Get Live Data
4.10    0.00 (0.00%)
Bid:
3.70
Ask:
4.50
Spread: 0.80 (21.622%)
Market Cap: £70.69m
GEM Live PriceLast checked at - London Stock Exchange

Intraday Gemfields Grou. Share Chart

Gemfields first ruby auction generates $33.5 mln

Wed, 18th Jun 2014 06:30

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)

Related News

Mozambique's new mine ownership rules could deter foreign investment, industry body says
4 hours ago

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
4 Jun 2026

Mozambique tightens grip on mining with 15% state stake rule, local processing

* Mozambique pushing for local processing, joining African peers

Gemfields Grou. News

IN BRIEF: Gemfields CEO takes direct interest in 1.5 million shares
19 Oct 2022

IN BRIEF: Gemfields CEO takes direct interest in 1.5 million shares

Gemfields Group Ltd - London-headquartered gemstones supplier - Chief Executive Sean Gilbertson buys 1.5 million shares at 14.32 pence, worth GBP216,9...

Gemfields interim profit soars after record-breaking auction takings
29 Sep 2022

Gemfields interim profit soars after record-breaking auction takings

(Alliance News) - Gemfields Group Ltd on Thursday reported its interim profit more than doubled in the first half of 2022, due to record-breaking auct...

IN BRIEF: Gemfields gets USD4 million from sapphire and ruby auction
27 Sep 2022

IN BRIEF: Gemfields gets USD4 million from sapphire and ruby auction

Gemfields Group Ltd - London-headquartered gemstones supplier - Generates USD4.2 million in revenue from auction of predominantly corundum, commercial...

REPEAT: Gemfields sees interim profit rise on strong gemstone demand
26 Sep 2022

REPEAT: Gemfields sees interim profit rise on strong gemstone demand

(Alliance News) - Gemfields Group Ltd on Monday said it expects its profit to more than double due to robust demand for coloured gemstones, including ...

Gemfields expects interim profit to soar on strong gemstone demand
26 Sep 2022

Gemfields expects interim profit to soar on strong gemstone demand

(Alliance News) - Gemfields Group Ltd on Monday said it expects its profit to more than double due to robust demand for coloured gemstones, including ...

IN BRIEF: Gemfields hits second-highest revenue mark at Kagem auction
20 Sep 2022

IN BRIEF: Gemfields hits second-highest revenue mark at Kagem auction

Gemfields Group Ltd - London-headquartered gemstones supplier - Generates revenue of USD32.9 million, the second-highest figure ever achieved at a Kag...

IN BRIEF: Gemfields boasts record auction revenue
27 Jul 2022

IN BRIEF: Gemfields boasts record auction revenue

Gemfields Group Ltd - London-headquartered gemstones supplier - Says total auction revenue in the first half of 2022 is USD181.2 million, with all thr...

IN BRIEF: Gemfields operations go on despite insurgency in Mozambique
20 Jul 2022

IN BRIEF: Gemfields operations go on despite insurgency in Mozambique

Gemfields Group Ltd - London-headquartered gemstones supplier - Says operations of Montepuez Ruby Mining Limitada, in which it holds a 75% interest, c...