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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 Emerald Auction Gets USD12 Million Despite Virus Hurt
24 Feb 2020 - Gemfields Returns To AIM After Two-And-A-Half-Year Absence
14 Feb 2020 - Gemfields Production Of Emerald Plummets While Ruby Output Soars
6 Feb 2017 - BROKER RATINGS SUMMARY: Deutsche Bank Cuts Centrica To Sell From Hold
14 Dec 2016 - UPDATE 1-De Beers diamond sales tempered by India's cash crackdown
13 Dec 2016 - BROKER RATINGS SUMMARY: JPMorgan Raises Price Targets For Miners
7 Nov 2016 - Gemfields' Q1 ruby production rises, but emerald falls
1 Nov 2016 - Tuesday newspaper share tips: MJ Gleeson, Gemfields
27 Sep 2016
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Gemfields Grou. News
Gemfields Emerald Auction Gets USD12 Million Despite Virus Hurt
Gemfields Emerald Auction Gets USD12 Million Despite Virus Hurt
Gemfields Returns To AIM After Two-And-A-Half-Year Absence
Gemfields Returns To AIM After Two-And-A-Half-Year Absence
UPDATE 1-De Beers diamond sales tempered by India's cash crackdown
* India third biggest diamond market * Indians have less cash for luxury purchases * Sales still higher than a year ago (Adds detail, background, Ge...
Gemfields' Q1 ruby production rises, but emerald falls
(ShareCast News) - Coloured gem stone miner Gemfields' first quarter ruby and corundum production had risen due to increased capacity and efficiency, ...
Tuesday newspaper share tips: MJ Gleeson, Gemfields
(ShareCast News) - MJ Gleeson's focus on the low-end of the housing market has paid off and looks set to continue to do so, The Times's Tempus said. I...
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