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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
- Delayed Gemfields ruby auction generates $53m revenue
23 Feb 2026 - IN BRIEF: Gemfields generates ruby auction revenue of USD53 million
23 Feb 2026 - IN BRIEF: Gemfields annual auction revenue slumps to USD129 million
30 Jan 2026 - Gemfields records full-year auction revenue of $128.5m
30 Jan 2026 - IN BRIEF: Gemfields emerald revenue up after auction amid challenges
5 Dec 2025 - Gemfields says Montepuez operations in Mozambique under fire
16 Oct 2025 - IN BRIEF: Gemfields gets USD11 million from ruby auction in Bangkok
6 Oct 2025 - AIM WINNERS & LOSERS: Smarttech247 joins London exit queue
26 Sep 2025
Related News
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* 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
Delayed Gemfields ruby auction generates $53m revenue
(Sharecast News) - Gemfields announced on Monday that it generated $53m in revenue from its latest mixed-quality rough ruby auction, with strong deman...
IN BRIEF: Gemfields generates ruby auction revenue of USD53 million
Gemfields Group Ltd - London-based miner and marketer of coloured gemstones - Generates revenue of USD53 million at an auction of rough rubies held th...
IN BRIEF: Gemfields annual auction revenue slumps to USD129 million
Gemfields Group Ltd - London-based miner and marketer of coloured gemstones - Says auction revenue drops 34% to USD129 million in 2025 from USD196 mil...
Gemfields records full-year auction revenue of $128.5m
(Sharecast News) - Gemfields Group reported auction revenues of $128.5m for the year ended 31 December on Friday, and said it had completed the fundin...
IN BRIEF: Gemfields emerald revenue up after auction amid challenges
Gemfields Group Ltd - London-based miner and marketer of coloured gemstones - Generates revenue of USD25.4 million at an emerald auction held between ...
Gemfields says Montepuez operations in Mozambique under fire
(Alliance News) - Gemfields Group Ltd said on Thursday operations at its new processing plant in Mozambique came under renewed attack this week.
IN BRIEF: Gemfields gets USD11 million from ruby auction in Bangkok
Gemfields Group Ltd - London-based miner and marketer of coloured gemstones - 'Mini-auction' of Mozambican rough rubies from Montepuez Ruby Mining Ltd...
AIM WINNERS & LOSERS: Smarttech247 joins London exit queue
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